; oversight (1) Independence The Secretary of the Treasury may not delay or prevent the issuance of any rule or the promulgation of any regulation by the Independent Insurance Advocate, and may not intervene in any matter or proceeding before the Independent Insurance Advocate, unless otherwise specifically provided by law. (2) Oversight by Inspector General The Office of the Independent Insurance Advocate shall be an office in the establishment of the Department of the Treasury for purposes of the Inspector General Act of 1978 (5 U.S.C. App.). (d) Retention of existing State regulatory authority Nothing in this section or section 314 shall be construed to establish or provide the Office or the Department of the Treasury with general supervisory or regulatory authority over the business of insurance. (e) Budget (1) Annual transmittal For each fiscal year, the Independent Insurance Advocate shall transmit a budget estimate and request to the Secretary of the Treasury, which shall specify the aggregate amount of funds requested for such fiscal year for the operations of the Office of the Independent Insurance Advocate. (2) Inclusions In transmitting the proposed budget to the President for approval, the Secretary of the Treasury shall include— (A) an aggregate request for the Independent Insurance Advocate; and (B) any comments of the Independent Insurance Advocate with respect to the proposal. (3) President’s budget The President shall include in each budget of the United States Government submitted to the Congress— (A) a separate statement of the budget estimate prepared in accordance with paragraph (1); (B) the amount requested by the President for the Independent Insurance Advocate