Bill · S. 3578· Senate(119-S-3578)
Financial Stability Oversight Council Improvement Act of 2025
- Introduced
- 12/18/2025
- Last activity
- 12/18/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Mike Rounds
- Cosponsors
- - 1 - 2
- Introduced
- In Committee
What this bill would do
This bill is called the "Financial Stability Oversight Council Improvement Act of 2025." It seeks to amend the Financial Stability Act of 2010. The main goal is to change how the Financial Stability Oversight Council handles U.S. nonbank financial companies. It requires the Council to consider alternative approaches before deciding a company must be supervised by the Board of Governors of the Federal Reserve System. The Council must consult with the company and its primary regulatory agency first. This ensures other methods are checked before full supervision is triggered.
Yes
Would business owners be better off under this?+2
The requirement to consider alternative, less intrusive regulatory measures provides more flexibility for nonbank financial companies.
Is this likely to grow the economy?+2
The bill introduces more collaborative and flexible regulatory approaches for nonbank financial companies, which may reduce the burden of full Federal Reserve supervision.
Does this make what the government does easier for the public to see?+1
The bill requires a formal determination process and consultation with companies before decisive regulatory actions are taken.
The opposite
Does this give the federal government more power?-2
The bill limits the unilateral power of the Financial Stability Oversight Council to mandate Federal Reserve supervision without first exploring alternative mitigation methods.
Who it would affect, and how
Potential Positive Impacts for People
-
Mandatory Consideration of Alternatives: The Council would be required to determine if different actions, such as new standards or a company's own written plan, could work instead of full supervision. This is found in Section 2, subsection (a), paragraph (1), adding paragraph (3).
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Consultation Requirements: The Council must consult with the specific company and its primary financial regulatory agency before voting on a determination. This could provide a more collaborative approach to managing financial risks, as noted in Section 2, subsection (a), paragraph (1), adding paragraph (3).
Potential Negative Impacts for People
- No specific negative impacts are explicitly detailed in the provided text.
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+2
- Economy And Finance
- Improves Economic Growth+2
- Governance And Ideology
- Improves Government Transparency+1Increases Federal Power-2
- 2/4/2026
- 2 Cosponsors added.
- 12/18/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Ruben GallegoDemocrat · Arizona
David McCormickRepublican · Pennsylvania
Gary PetersDemocrat · Michigan