- StatesAdds a State insurance commissioner as a voting FSOC member, providing insurance-sector expertise in systemic risk over…
- Federal agenciesMay improve federal-state coordination on insurance regulation and crisis response through formal council participation.
- StatesPotentially narrows regulatory gaps for insurers by integrating state perspectives into Council determinations and reco…
Primary Regulators of Insurance Vote Act of 2025
Referred to the House Committee on Financial Services.
This bill amends the Financial Stability Act of 2010 to add a State insurance commissioner as a voting member of the Financial Stability Oversight Council (FSOC). The insurance commissioner would be appointed by the President with Senate confirmation after the President requests candidate recommendations from the National Association of Insurance Commissioners (NAIC).
Whether the seat should be presidentially appointed versus state-selected
Relative to its intended legislative type, this bill is a targeted statutory amendment that clearly identifies and implements a change in the composition and appointment mechanics of the Financial Stability Oversight Council.
This bill amends the Financial Stability Act of 2010 to add a State insurance commissioner as a voting member of the Financial Stability Oversight Council (FSOC).
The insurance commissioner would be appointed by the President with Senate confirmation after the President requests candidate recommendations from the National Association of Insurance Commissioners (NAIC).
The bill adjusts term length and vacancy rules for that seat, removes the existing nonvoting state insurance commissioner slot, provides a temporary transition rule, and makes several technical clarifying edits to the statute.
Technically focused and low-cost but alters federal-state governance and requires Senate confirmation, reducing enactment prospects.
Relative to its intended legislative type, this bill is a targeted statutory amendment that clearly identifies and implements a change in the composition and appointment mechanics of the Financial Stability Oversight Council. It includes specific statutory edits, appointment procedures, vacancy handling, and transition language, and integrates cleanly into the existing statutory framework.
Whether the seat should be presidentially appointed versus state-selected
Who stands to gain, and who may push back.
These are examples from the analysis, not a ranked list of the most-affected groups.
- Federal agenciesCreates a presidentially appointed, Senate-confirmed role that may federalize or politicize a traditionally state regul…
- Federal agenciesCould undermine state autonomy by making the insurance commissioner subject to federal appointment and Council influenc…
- StatesThe vacancy rule allows a nonvoting interim designee, potentially leaving state input muted during vacancies.
Why the argument around this bill splits.
Whether the seat should be presidentially appointed versus state-selected
Likely sees including a state insurance regulator on FSOC as a net positive for systemic financial oversight and consumer protection, but has concerns about politicization and industry capture.
Worries the presidential appointment and Senate confirmation process, plus allowance to pick outside NAIC recommendations, could produce appointees less protective of consumers.
Would favor safeguards to ensure the appointee prioritizes financial stability and consumer interests.
Views the change as a pragmatic improvement to FSOC's composition by adding direct insurance-regulatory expertise.
Supports clearer inclusion of state insurance perspective but is cautious about appointment mechanics, confirmation delays, and vacancy provisions.
Would back the bill if safeguards limit politicization and ensure timely, competent appointments.
Likely opposes adding a President-appointed, Senate-confirmed insurance commissioner as a voting FSOC member because it expands federal control and risks undermining state authority.
Prefers state-selected representation or retaining a nonvoting role.
Concerned this increases federal bureaucracy and politicization of insurance regulation.
The path through Congress.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Technically focused and low-cost but alters federal-state governance and requires Senate confirmation, reducing enactment prospects.
- Stakeholder positions (NAIC, state regulators, insurers)
- Whether a President will prioritize nominating such a commissioner
Recent votes on the bill.
No vote history yet
The bill has not accumulated any surfaced votes yet.
Go deeper than the headline read.
Whether the seat should be presidentially appointed versus state-selected
Technically focused and low-cost but alters federal-state governance and requires Senate confirmation, reducing enactment prospects.
Relative to its intended legislative type, this bill is a targeted statutory amendment that clearly identifies and implements a change in the composition and appointment mechanics of the Financial Stability Oversight Co…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.