Ted Cruz introduces bill to abolish Federal Insurance Office
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Ted Cruz introduces bill to abolish Federal Insurance Office

US Congress - Capitol building at Capitol Hill in Washington DC- sunny spring day and clear blue sky

Texas Senator Ted Cruz on Wednesday reintroduced to Congress legislation that would abolish the Federal Insurance Office (FIO).

Senate bill 524, the Federal Insurance Office Abolishment Act, is part of a package of measures intended to pare back regulation introduced in 2010 in the wake of the 2007-09 financial crisis.

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