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New Rules for Financial Stability Council: Reviewing Oversight of Nonbank Firms.

This law changes how the Financial Stability Oversight Council (FSOC) designates large nonbank financial companies for strict federal supervision by the Federal Reserve. FSOC must now first determine that alternative, less severe actions—including company-submitted mitigation plans—are insufficient to protect U.S. financial stability before imposing full supervision. This aims to ensure regulatory actions are necessary and proportionate, indirectly affecting the overall stability and regulation of the financial system.
Key points
The FSOC must now consider less intrusive measures or company-submitted plans before placing major nonbank financial firms under Federal Reserve oversight.
The change adds a mandatory step to the regulatory process for identifying and supervising firms that pose a risk to the entire financial system.
article Official text account_balance Process page
Placed on Calendar
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Additional Information
Print number: 119_HR_3682
Sponsor: Rep. Foster, Bill [D-IL-11]
Process start date: 2025-06-03
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Financial Stability Oversight Council Improvement Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3682.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-06-03.

What are the main provisions?

Key points include:

  • The FSOC must now consider less intrusive measures or company-submitted plans before placing major nonbank financial firms under Federal Reserve oversight.
  • The change adds a mandatory step to the regulatory process for identifying and supervising firms that pose a risk to the entire financial system.
What is the specific legal status?

The current status is Placed on Calendar.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Foster, Bill [D-IL-11].

What is the latest detailed status?

The latest detailed status is: Placed on the Union Calendar, Calendar No. 316.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy