Bill > HR3682

This bill, titled the Financial Stability Oversight Council Improvement Act of 2025, amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council (FSOC), a body responsible for identifying and responding to threats to U.S. financial stability, to consider alternative actions before designating a U.S. nonbank financial company (a financial firm that is not a bank, like an insurance company or investment fund) for supervision by the Board of Governors of the Federal Reserve System. Specifically, the FSOC must first determine that other measures, such as applying new or stricter regulations or allowing the company to implement its own plan to address potential risks, are insufficient or impractical to prevent significant financial distress at the company from harming the overall financial stability of the United States. This change aims to ensure that designating a company for Federal Reserve supervision is a measure of last resort.

Business and Industry, Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/house-bill/3682/all-info