1. Short title This Act may be cited as the Federal Insurance Office Elimination Act . 2. Elimination of Federal Insurance Office (a) In general The Federal Insurance Office of the Department of the Treasury, and the position of the Director of the Federal Insurance Office, are hereby eliminated. (b) Amendment Title 31, United States Code, is amended— (1) by striking section 313; and (2) in the table of sections for subchapter I of chapter 3, by striking the item relating to section 313. (c) Treasury authority This section, and the amendment made by this section, may not be construed to repeal or otherwise limit any authority of the Secretary of the Treasury with respect matters relating to insurance. 3. Related amendments (a) Dodd-Frank Wall Street Reform and Consumer Protection Act amendments The Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5301 et seq. ) is amended— (1) in section 111(b)(2) ( 12 U.S.C. 5321(b)(2) )— (A) by striking subparagraph (B); and (B) by redesignating subparagraphs (C), (D), and (E) as subparagraphs (B), (C), and (D), respectively; (2) in section 112 ( 12 U.S.C. 5322 )— (A) in subsection (a)(2)(A), by striking member agencies, other Federal and State financial regulatory agencies, the Federal Insurance Office and inserting the following: member agencies and other Federal and State financial regulatory agencies ; and (B) in subsection (d)— (i) in paragraph (1), in the matter preceding subparagraph (A), by striking the Office of Financial Research, member agencies, and the Federal Insurance Office and inserting the Office of Financial Research and member agencies ; and (ii) in paragraph (2), by striking , any member agency, and the Federal Insurance Office, and inserting and any member agency ; (3) in section 165(i) ( 12 U.S.C. 5365(i) )— (A) in paragraph (1)(A), by striking and the Federal Insurance Office and inserting and the Secretary of the Treasury