S 3577
115th Congress
Senate
Finance and Financial Sector
Banking and financial institutions regulation
Federal Reserve System
Financial Stability Oversight Council
Financial Stability Oversight Council Improvement Act of 2018
Introduced: October 11, 2018
Introduced by:
Rounds, Mike
Republican
· South Dakota
See on congress.gov
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
Plain-English summary
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
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1