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H.R. 3812 118th Congress House

Financial Stability Oversight Council Improvement Act of 2023

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

Official title: 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: June 5, 2023 Introduced by: Bill Foster Democratic · Illinois See on congress.gov
Finance and Financial Sector Congressional oversightFinancial crises and stabilizationFinancial services and investments
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Jun 5, 2023
Referred to the House Committee on Financial Services.
Jun 5, 2023
Introduced in House
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 Latest action June 5, 2023

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Financial Stability Oversight Council Improvement Act of 2023

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 3899 Reintroduction of Financial Stability Oversight Council Improvement Act of 2021
  • S 3601 Financial Stability Oversight Council Improvement Act of 2024
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
D
Gottheimer, Josh
New Jersey · Dec 5, 2023
 R
Huizenga, Bill
Michigan · Jun 5, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3812: Financial Stability Oversight Council Improvement Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-3812/
MLA
"H.R. 3812: Financial Stability Oversight Council Improvement Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-3812/.
Bluebook (legal)
H.R. 3812, 118th Cong. (2026), https://openamerica.io/bill/118-HR-3812/.
Markdown link
[H.R. 3812: Financial Stability Oversight Council Improvement Act of 2023](https://openamerica.io/bill/118-HR-3812/)
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