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S. 603 116th Congress Senate

Financial Stability Oversight Council Improvement Act of 2019

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: February 28, 2019 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 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 27, 2019
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-92.
Mar 14, 2019
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-23.
Feb 28, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 28, 2019
Introduced in Senate
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 Latest action March 27, 2019

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-92.

 Plain-English summary Congressional Research Service

Financial Stability Oversight Council Improvement Act of 2019

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

 Related & companion bills 2
  • HR 3561 Identical bill Financial Stability Oversight Council Improvement Act of 2019
  • S 3577 Reintroduction of Financial Stability Oversight Council Improvement Act of 2018
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 1
Sinema, Kyrsten
· Feb 28, 2019
 R
Tillis, Thomas
North Carolina · Feb 28, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 603: Financial Stability Oversight Council Improvement Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-603/
MLA
"S. 603: Financial Stability Oversight Council Improvement Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-603/.
Bluebook (legal)
S. 603, 116th Cong. (2026), https://openamerica.io/bill/116-S-603/.
Markdown link
[S. 603: Financial Stability Oversight Council Improvement Act of 2019](https://openamerica.io/bill/116-S-603/)
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