Primary Regulators of Insurance Vote Act of 2025

This bill would give a State insurance commissioner a voting seat on the Financial Stability Oversight Council, with the commissioner chosen by the President and confirmed by the Senate. The President must ask the states, through their national association, for recommended candidates, but can still pick someone else. If the association does not send a list within 15 business days, the President may move forward without it.

It removes the old nonvoting seat for a State insurance commissioner, but keeps that nonvoting role in place temporarily until the new voting member is appointed and confirmed. If the voting seat becomes vacant, normal federal vacancy rules do not apply; instead, a State insurance commissioner selected by their peers serves as a nonvoting member until a new voting member is confirmed. The bill also makes small technical fixes to the underlying law.

• Who is affected: The Financial Stability Oversight Council and State insurance regulators.
• What changes: A State insurance commissioner becomes a voting member; the prior nonvoting seat is repealed; special rules cover how candidates are recommended and how vacancies are filled; minor wording fixes are made to existing law .
• When: The nonvoting role continues only until the new voting member is appointed and confirmed after the bill becomes law.