The Primary Regulators of Insurance Vote Act of 2025 upgrades the role of state insurance regulators in federal financial oversight by making a State insurance commissioner a voting member of the Financial Stability Oversight Council (FSOC), a body created by the 2010 financial reform law that monitors risks to the financial system. Currently, a state insurance commissioner sits on the council but cannot vote; this bill changes that to give them full voting power. The President would appoint the voting member with Senate confirmation, drawing from candidates recommended by the National Association of Insurance Commissioners, and the position would last four years. The bill also removes the previous non-voting state insurance commissioner position once this new voting member is confirmed. No specific funding is required, and the change would take effect once the new voting member is appointed and confirmed by the Senate.
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