The Dodd-Frank Act created a federal body with some limited regulatory authority. For example, the organization can represent the federal government in international negotiations regarding insurance and it can preempt state law where it conflicts with negotiated international agreements. This body is called the

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The Dodd-Frank Act established the Federal Insurance Office (FIO), which has the authority to represent the federal government in international insurance matters and can preempt state law when it conflicts with international agreements.

The Dodd-Frank Act Created a Federal Body with Some Limited