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
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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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