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S. 3577 115th Congress Senate

Financial Stability Oversight Council Improvement Act of 2018

Official title: A bill to amend the Financial Stability Act of 2010 to require the Financial Stability Oversight Council to consider alternative approaches before determining … Show full official titleShow less

Official title: A bill 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.

Introduced: October 11, 2018 Introduced by: Mike Rounds Republican · South Dakota See on congress.gov
Finance and Financial Sector Banking and financial institutions regulationFederal Reserve SystemFinancial Stability Oversight Council
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 11, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Oct 11, 2018
Introduced in Senate
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 Latest action October 11, 2018

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Financial Stability Oversight Council Improvement Act of 2018

The 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

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3577: Financial Stability Oversight Council Improvement Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-S-3577/
MLA
"S. 3577: Financial Stability Oversight Council Improvement Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-3577/.
Bluebook (legal)
S. 3577, 115th Cong. (2026), https://openamerica.io/bill/115-S-3577/.
Markdown link
[S. 3577: Financial Stability Oversight Council Improvement Act of 2018](https://openamerica.io/bill/115-S-3577/)
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