McCarran-Ferguson Restoration Act

Summary

The bill removes the Treasury’s Federal Insurance Office and replaces it with a new position called the United States Insurance Representative. This official would coordinate federal insurance policy, especially on international matters, and could block state insurance laws that conflict with U.S. trade agreements. The change aims to give the federal government more uniform authority over insurance regulation.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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