S 3578 119th Congress Senate Finance and Financial Sector

Financial Stability Oversight Council Improvement Act of 2025

Introduced: December 18, 2025 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

Dec 18, 2025

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

Dec 18, 2025

Introduced in Senate

Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

Plain-English summary Congressional Research Service

Financial Stability Oversight Council Improvement Act of 2025

This 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 December 18, 2025

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

Related & companion bills 1

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Banking, Housing, and Urban Affairs Committee
Senate

Lobbying activity 19

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

REINSURANCE ASSN OF AMERICA
for REINSURANCE ASSN OF AMERICA · District of Columbia · 2nd Quarter (Apr 1 - June 30) 2026
THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY
for THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY · Wisconsin · 1st Quarter (Jan 1 - Mar 31) 2026
CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026
REINSURANCE ASSN OF AMERICA
for REINSURANCE ASSN OF AMERICA · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026
AMERICAN COUNCIL OF LIFE INSURERS
for AMERICAN COUNCIL OF LIFE INSURERS · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026
CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026

See all 19 filings →

Cosponsors 3

Gallego, Ruben

Arizona · Feb 4, 2026

McCormick, David

Pennsylvania · Feb 4, 2026

Peters, Gary C.

Michigan · Dec 18, 2025

Cite this page click to expand

APA

U.S. Congress. (2026). S. 3578: Financial Stability Oversight Council Improvement Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-S-3578/

MLA

"S. 3578: Financial Stability Oversight Council Improvement Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-3578/.

Bluebook (legal)

S. 3578, 119th Cong. (2026), https://openamerica.io/bill/119-S-3578/.

Markdown link

[S. 3578: Financial Stability Oversight Council Improvement Act of 2025](https://openamerica.io/bill/119-S-3578/)