Financial Stability Oversight Council Improvement Act of 2025
USA119th CongressHR-3682| House
| Updated: 2/11/2026
Bill Foster
Democratic Representative
Illinois
Cosponsors (20)
Frank D. Lucas (Republican)Ritchie Torres (Democratic)Emanuel Cleaver (Democratic)Chrissy Houlahan (Democratic)Zachary Nunn (Republican)David Scott (Democratic)Young Kim (Republican)Janelle S. Bynum (Democratic)Vicente Gonzalez (Democratic)Daniel Meuser (Republican)Ann Wagner (Republican)James A. Himes (Democratic)Brittany Pettersen (Democratic)Brad Sherman (Democratic)Troy Downing (Republican)Bill Huizenga (Republican)Monica De La Cruz (Republican)Josh Gottheimer (Democratic)Michael Lawler (Republican)Bradley Scott Schneider (Democratic)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill amends the Financial Stability Act of 2010, mandating that the Financial Stability Oversight Council (FSOC) must explore alternative solutions before it can designate a U.S. nonbank financial company for supervision by the Board of Governors of the Federal Reserve System. Specifically, before voting on such a designation, the FSOC must first consult with the company and its primary regulator. During this consultation, the Council must determine that other actions, such as applying new or heightened standards, or a written plan from the company, are impracticable or insufficient to mitigate any potential threat to the financial stability of the United States. This ensures a thorough evaluation of less intrusive measures prior to imposing Federal Reserve oversight.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 4.
Committee Consideration and Mark-up Session Held
Placed on the Union Calendar, Calendar No. 316.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-364.
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H2074-2076)
DEBATE - The House proceeded with forty minutes of debate on H.R. 3682.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2074)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2074)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Congressional oversightFinancial crises and stabilizationFinancial services and investments
Financial Stability Oversight Council Improvement Act of 2025
USA119th CongressHR-3682| House
| Updated: 2/11/2026
This bill amends the Financial Stability Act of 2010, mandating that the Financial Stability Oversight Council (FSOC) must explore alternative solutions before it can designate a U.S. nonbank financial company for supervision by the Board of Governors of the Federal Reserve System. Specifically, before voting on such a designation, the FSOC must first consult with the company and its primary regulator. During this consultation, the Council must determine that other actions, such as applying new or heightened standards, or a written plan from the company, are impracticable or insufficient to mitigate any potential threat to the financial stability of the United States. This ensures a thorough evaluation of less intrusive measures prior to imposing Federal Reserve oversight.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 4.
Committee Consideration and Mark-up Session Held
Placed on the Union Calendar, Calendar No. 316.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-364.
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H2074-2076)
DEBATE - The House proceeded with forty minutes of debate on H.R. 3682.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2074)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2074)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill Foster
Democratic Representative
Illinois
Cosponsors (20)
Frank D. Lucas (Republican)Ritchie Torres (Democratic)Emanuel Cleaver (Democratic)Chrissy Houlahan (Democratic)Zachary Nunn (Republican)David Scott (Democratic)Young Kim (Republican)Janelle S. Bynum (Democratic)Vicente Gonzalez (Democratic)Daniel Meuser (Republican)Ann Wagner (Republican)James A. Himes (Democratic)Brittany Pettersen (Democratic)Brad Sherman (Democratic)Troy Downing (Republican)Bill Huizenga (Republican)Monica De La Cruz (Republican)Josh Gottheimer (Democratic)Michael Lawler (Republican)Bradley Scott Schneider (Democratic)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Congressional oversightFinancial crises and stabilizationFinancial services and investments