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S. 3578 119th Congress Senate

Financial Stability Oversight Council Improvement Act of 2025

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: December 18, 2025 Introduced by: Mike Rounds 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
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What's happening now December 18, 2025

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 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.

 Related & companion bills 1
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 41

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

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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/)
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