McCarran-Ferguson Restoration Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7130 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7130 To eliminate the Federal Insurance Office of the Department of the Treasury and to establish a United States Insurance Representative within the Department of the Treasury, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES January 16, 2026 Mr. Downing (for himself, Mr. Fitzgerald, and Mr. Ogles) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To eliminate the Federal Insurance Office of the Department of the Treasury and to establish a United States Insurance Representative within the Department of the Treasury, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``McCarran-Ferguson Restoration Act''. SEC. 2. ELIMINATION OF FEDERAL INSURANCE OFFICE. (a) In General.--The Federal Insurance Office of the Department of the Treasury, and the position of the Director of the Federal Insurance Office, are hereby eliminated. (b) Treasury Authority.--This section may not be construed to repeal or otherwise limit any authority of the Secretary of the Treasury with respect matters relating to insurance. SEC. 3. ESTABLISHMENT OF UNITED STATES INSURANCE REPRESENTATIVE. Title 31, United States Code, is amended-- (1) in the table of sections for subchapter I of chapter 3, by striking ``Federal Insurance Office'' and inserting ``United States Insurance Representative''; and (2) by amending section 313 to read as follows: ``Sec. 313. United States Insurance Representative ``(a) In General.--Not later than 1 year after the date of the enactment of this section, the Secretary shall, for the purpose