Congressman Troy Downing introduced the McCarran-Ferguson Restoration Act, aiming to eliminate the Federal Insurance Office and enhance state representation.
Quiver AI Summary
Congressman Downing introduces legislation: Congressman Troy Downing of Montana has introduced the McCarran-Ferguson Restoration Act, aiming to eliminate the Federal Insurance Office (FIO) and create a U.S. Insurance Representative appointed by the Treasury Secretary. The bill seeks to enhance state insurance representation on the Financial Stability Oversight Council (FSOC).
Background and industry support: This act follows Downing's earlier initiative to eliminate the FIO entirely and is in response to feedback from various insurance industry stakeholders. Cosponsors include Rep. Scott Fitzgerald and Rep. Andy Ogles, with support from several insurance associations, emphasizing a preference for state regulation over federal oversight.
Congressman's and stakeholders' statements: Downing stated, "FIO is a duplicative federal bureaucracy," highlighting the need for state-level regulation. Stakeholders echoed his sentiments, asserting that the state system successfully protects consumers and market stability, thus supporting the act's enactment.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Troy Downing Fundraising
Troy Downing recently disclosed $329.0K of fundraising in a Q3 FEC disclosure filed on October 15th, 2025. This was the 295th most from all Q3 reports we have seen this year. 57.7% came from individual donors.
Downing disclosed $261.8K of spending. This was the 204th most from all Q3 reports we have seen from politicians so far this year.
Downing disclosed $321.3K of cash on hand at the end of the filing period. This was the 646th most from all Q3 reports we have seen this year.
You can see the disclosure here, or track Troy Downing's fundraising on Quiver Quantitative.
Troy Downing Net Worth
Quiver Quantitative estimates that Troy Downing is worth $9.0M, as of January 16th, 2026. This is the 116th highest net worth in Congress, per our live estimates.
Downing has approximately $682.9K invested in publicly traded assets which Quiver is able to track live.
You can track Troy Downing's net worth on Quiver Quantitative's politician page for Downing.
Troy Downing Bill Proposals
Here are some bills which have recently been proposed by Troy Downing:
- H.R.6788: To release from wilderness study area designation certain land in the State of Montana, to improve the management of that land, and for other purposes.
- H.R.6568: Lower Yellowstone River Native Fish Conservation Act
- H.R.6256: Floodplain Enhancement and Recovery Act
- H.R.5942: National Cemetery Access Act
- H.R.5748: Retirement Investment Choice Act
- H.R.5229: IMAGES Act of 2025
You can track bills proposed by Troy Downing on Quiver Quantitative's politician page for Downing.
