Plain English
GovGreed Synthesis · 2026-02-11
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.
Market Impact Map
Action Timeline
2026-02-11
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2026-02-09
Motion to reconsider laid on the table Agreed to without objection.
2026-02-09
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2074)
2026-02-09
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)
2026-02-09
DEBATE - The House proceeded with forty minutes of debate on H.R. 3682.
2026-02-09
Considered under suspension of the rules. (consideration: CR H2074-2076)
2026-02-09
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
2025-11-04
Placed on the Union Calendar, Calendar No. 316.
2025-11-04
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-364.
2025-11-04
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-364.
Full Bill Text
119 HR 3682 EH: Financial Stability Oversight Council Improvement Act of 2025 U.S. House of Representatives text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IB 119th CONGRESS 2d Session H. R. 3682 IN THE HOUSE OF REPRESENTATIVES AN ACT 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. 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) in subsection (a)— (A) in paragraph (1), by striking The Council and inserting Subject to paragraph (3), the Council ; and (B) 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 material financial distress at the company, or the nature, scope, size, scale, concentration, interconnectedness, or mix of the activities of the company, could pose to the financial stability of the United States. ; and (2) in subsection (f)(1), by striking subsection (e) and inserting subsections (a)(3) and (e) . Passed the House of Representatives February 9, 2026. Kevin F. McCumber, Clerk.
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