H.R. 3682 Passed the House Finance and Financial Sector

Financial Stability Oversight Council Improvement Act of 2025

To amend the Financial Stability Act of 2010 to require the Financial Stability Oversight Council to consider alternative approaches before determining that a U.S. nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System, and for other purposes.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Foster, Bill [D-IL-11] Introduced June 3, 2025 Cosponsors 20 (9 R, 11 D) Latest action February 11, 2026

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.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Feb 11, 2026 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Feb 9, 2026 Motion to reconsider laid on the table Agreed to without objection.
  3. Feb 9, 2026 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2074)
  4. Feb 9, 2026 DEBATE - The House proceeded with forty minutes of debate on H.R. 3682.
  5. Feb 9, 2026 Considered under suspension of the rules. (consideration: CR H2074-2076)
  6. Feb 9, 2026 Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
  7. Nov 4, 2025 Placed on the Union Calendar, Calendar No. 316.
  8. Nov 4, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-364.
  9. Sep 16, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 4.
  10. Sep 16, 2025 Committee Consideration and Mark-up Session Held
  11. Jun 3, 2025 Referred to the House Committee on Financial Services.
  12. Jun 3, 2025 Introduced in House

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