The bill, H.R. 643, is titled the "Federal Insurance Office Elimination Act" and was introduced by Mr. Downing and others in the House of Representatives during the 119th Congress. This legislation aims to dismantle the Federal Insurance Office within the Department of the...
Simple Explanation
H.R. 643 wants to close down a special office in the government that looks after insurance issues, but it doesn't tell us why or what will happen if they do this. It also doesn't say what will take its place, which might make it harder to keep an eye on insurance things properly.