summary
Introduced
12/18/2025
12/18/2025
In Committee
12/18/2025
12/18/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A bill to amend the Financial Stability Act of 2010 to require the Financial Stability Oversight Council to consider alternative approaches before determining that a U.S. nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System, and for other purposes.
AI Summary
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 risks to U.S. financial stability, to explore alternative solutions before designating a U.S. nonbank financial company (a financial firm that is not a bank) for supervision by the Board of Governors of the Federal Reserve System. Specifically, the FSOC must first determine that other actions, such as applying new or stricter regulations or allowing the company to implement its own plan to address potential risks, are not practical or sufficient to protect the nation's financial stability. This change aims to ensure that direct Federal Reserve supervision is a last resort, encouraging other regulatory approaches first.
Committee Categories
Housing and Urban Affairs
Sponsors (4)
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 12/18/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/senate-bill/3578/all-info |
| BillText | https://www.congress.gov/119/bills/s3578/BILLS-119s3578is.pdf |
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