119th Congress

S. 3578

Financial Stability Oversight Council Improvement Act of 2025

Introduced
In committee
Passed Senate
Passed House
To President
Became law

Sponsor: Mike Rounds(R-SD)
Introduced: Dec 18, 2025
Policy area: Finance and Financial Sector
Committees: Senate Committee on Banking, Housing, and Urban Affairs
Official text: Introduced in Senate · Congress.gov page

Cosponsors (3)

Original cosponsors (1)

Gary C. Peters (D-MI)

Added later (2)

David McCormick (R-PA) · Feb 4, 2026
Ruben Gallego (D-AZ) · Feb 4, 2026

Summary

Summary by the Congressional Research Service· describes the “Introduced in Senate” version

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.

Roll-call votes

No recorded votes on this bill.

Actions

Dec 18, 2025 · Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 18, 2025
Introduced in Senate