Bill · H.R. 3682· House(119-HR-3682)
Financial Stability Oversight Council Improvement Act of 2025
- Introduced
- 6/3/2025
- Last activity
- 2/11/2026 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Bill Foster
- Cosponsors
- - 11 - 9
- Introduced
- Passed House
- In Senate committee
What this bill would do
This bill, titled the "Financial Stability Oversight Council Improvement Act of 2025," aims to amend the Financial Stability Act of 2010. It specifically targets how the Financial Stability Oversight Council handles U.S. nonbank financial companies. The Act would require the Council to consider alternative approaches before deciding a company must be supervised by the Board of Governors of the Federal Reserve System. Before voting on such a determination, the Council must first consult with the company and its primary regulatory agency. This consultation must establish that other actions or company plans are insufficient to mitigate potential threats to financial stability.
Yes
Would business owners be better off under this?+5
The bill provides financial companies with more opportunity to present alternative plans before facing Federal Reserve supervision.
Does this protect the right to fair treatment by the courts?+3
The bill enhances procedural due process for nonbank financial companies by requiring consultation before final determinations.
Does this make what the government does easier for the public to see?+2
The bill mandates consultation with companies, which may lead to more transparent oversight processes.
The opposite
Does this give the federal government more power?-2
The bill adds procedural hurdles that could impede the Federal Reserve's ability to exercise its oversight authority.
Who it would affect, and how
Potential Positive Impacts for People
-
Requirement for alternative considerations: Under Section 2, paragraph (1)(B), the Council must first determine that other actions—such as new standards or company-submitted plans—are insufficient before moving to supervise a nonbank financial company. This could be positive because it forces the Council to exhaust other options first.
-
Mandatory consultation process: The same section requires the Council to consult with the specific company and its primary financial regulatory agency. This ensures that those directly involved in the company's oversight have a voice in determining if full Council supervision is necessary.
Potential Negative Impacts for People
- Potential delay in oversight actions: Because Section 2, paragraph (1)(B) mandates that the Council first determine that alternative actions or written plans are "impracticable or insufficient," this extra procedural step could delay the process of addressing threats to the financial stability of the United States.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+5
- Governance And Ideology
- Improves Due Process+3Improves Government Transparency+2Increases Federal Power-2
- 2/11/2026
- Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2/9/2026
- Motion to reconsider laid on the table Agreed to without objection.
- 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)
- DEBATE - The House proceeded with forty minutes of debate on H.R. 3682.
- Considered under suspension of the rules. (consideration: CR H2074-2076)
- Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- 11/4/2025
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-364.
- Placed on the Union Calendar, Calendar No. 316.
- 9/16/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 4.
- 4 Cosponsors added.
- 9/15/2025
- 3 Cosponsors added.
- 9/9/2025
- 1 Cosponsor added.
- 9/8/2025
- 1 Cosponsor added.
- 9/2/2025
- 1 Cosponsor added.
- 8/29/2025
- 1 Cosponsor added.
- 7/17/2025
- 1 Cosponsor added.
- 7/16/2025
- 1 Cosponsor added.
- 7/15/2025
- 2 Cosponsors added.
- 7/10/2025
- 2 Cosponsors added.
- 7/2/2025
- 1 Cosponsor added.
- 6/17/2025
- 1 Cosponsor added.
- 6/3/2025
- Referred to the House Committee on Financial Services.
- 1 Cosponsor added.
- Introduced in House
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