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S3578Referred to Committee

Financial Stability Oversight Council Improvement Act of 2025

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-12-18
Introduced
3
Cosponsors
S
ⓘ
Type

Sponsor

Mike Rounds
Mike Rounds
Republican · SD · Senator
Votes with party: 75.6% (850 recorded votes)
Top industries funding sponsor:
  • Conservative Groups$4,000k

Full profile: /officials/R000605

Source: Congress.gov · FEC

Cosponsors (3)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

  • Gary C. Peters (D-MI)Original· 2025-12-18
  • David McCormick (R-PA)· 2026-02-04
  • Ruben Gallego (D-AZ)· 2026-02-04

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2025-12-18

Source: Congress.gov

Committee Activity

Previously

  • Banking, Housing, and Urban Affairs CommitteeReferred To · 2025-12-19
  • Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2025-12-19

Plain-English Summary

Financial Stability Oversight Council Improvement Act of 2025 This bill requires the Financial Stability Oversight Council, prior to determining that a U.S. nonbank financial company shall be supervised by the Federal Reserve Board and therefore subject to certain prudential standards, to first determine that certain alternative actions would not mitigate the threat the company may pose to U.S. financial stability.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

Subjects

Finance and Financial Sector
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

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