On June 13, the House Appropriations Committee passed the Financial Services and General Government (FSGG) Appropriations Act for FY’25, which begins on October 1, 2024, by a vote of 33-24.

Included in the FSGG bill is a policy provision that PIA supports and has been actively advocating in favor of from Rep. Scott Fitzgerald’s (R-WI) Insurance Data Protection Act (H.R. 5535). This provision would prevent funds for FY’25 from being used to implement, administer, or enforce the Federal Insurance Office’s (FIO) subpoena authority. This prohibition would only prevent funding from being used by the FIO to exercise its subpoena and enforcement authority for that specific fiscal year, meaning that efforts to keep FIO’s subpoena authority from being funded would restart in the FY’26 appropriations process.

The FSGG Appropriations Act will now head to the House floor for consideration by the full House of Representatives, where this provision will have to survive the rest of that process and then pass the Senate. PIA strongly supports the Insurance Data Protection Act and we will continue to work towards its passage by the full House. At the same time, PIA is also continuing to work with Rep. Fitzgerald’s office towards a more long-term solution by passing the Insurance Data Protection Act, which has already passed the House Financial Services Committee, through the legislative process.