The Biden administration is at it again, folks. They’re trying to force their climate agenda onto insurance companies, and Republican lawmakers are not happy about it.
The Federal Insurance Office (FIO), a subagency of the Treasury Department, is collecting climate-related data from property and casualty insurers.
But here’s the thing: collecting this type of data is the responsibility of state insurance regulators, not the FIO.
This overreach by the Biden administration is just another example of their attempt to impose their radical agenda on American businesses.
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 authorizes the FIO to collect certain data, but it limits such actions to traditional regulation and mandates consultation with state insurance regulators.
The FIO’s recent actions are not in line with the letter or spirit of the law. Republican lawmakers on the House Financial Services Committee panel are demanding answers from FIO Director Steven Seitz.
This type of government overreach is unacceptable, and it’s time for Republicans to stand up against it.
We can’t let the Biden administration trample on our constitutional rights and try to dictate how private businesses operate.
It’s time to put a stop to this madness and hold the FIO accountable for its actions.
Source https://www.foxnews.com/politics/republicans-probe-biden-admins-climate-overreach-consumer-insurance
