119-HR3682
Financial Stability Oversight Council Improvement Act of 2025
Last action was on 6-3-2025
SenateCurrent status is Referred to the House Committee on Financial Services.
View Official Bill Information at congress.govNo users have voted for/against support on this bill yet. Be the first!
119th CONGRESS
1st Session
H. R. 3682
1. Short title2. Financial Stability Oversight Council1. Short title
This Act may be cited as the "Financial Stability Oversight Council Improvement Act of 2025".
2. Financial Stability Oversight Council
Section 113 of the Financial Stability Act of 2010 (12 U.S.C. 5323) is amended—
(1) Initial determination - in subsection (a)—
(A) - in paragraph (1), by striking "The Council" and inserting "Subject to paragraph (3), the Council"; and
(B) Initial determination - by adding at the end the following:
(3) Initial determination - The Council may not vote on a proposed determination with respect to a U.S. nonbank financial company under paragraph (1) unless the Council first determines, in consultation with the company and the primary financial regulatory agency with respect to the company, that a different action by the Council or the agency (including the application of new or heightened standards and safeguards under section 120), or by the company under a written plan that is submitted promptly to the Council, is impracticable or insufficient to mitigate the threat that the company could pose to the financial stability of the United States.
(2) - in subsection (f)(1), by striking "subsection (e)" and inserting "subsections (a)(3) and (e)".