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United States · Bill · HR

H.R. 1550 (114th)

Financial Stability Oversight Council Improvement Act of 2015

openUnited States· United States Congress· EN

Introduced

23 March 2015

Last action

12 December 2016 · Reported

Status

Placed on the Union Calendar, Calendar No. 681.

Sponsors

Rep. Ross, Dennis A. [R-FL-15], Rep. Delaney, John K. [D-MD-6], Rep. Murphy, Patrick [D-FL-18], Sen. Sinema, Kyrsten [I-AZ], Rep. Barr, Andy [R-KY-6], Rep. Kuster, Ann M. [D-NH-2], Rep. Luetkemeyer, Blaine [R-MO-3], Rep. Meeks, Gregory W. [D-NY-5], Rep. Tiberi, Patrick J. [R-OH-12], Rep. Polis, Jared [D-CO-2], David Scott, Rep. Lucas, Frank D. [R-OK-3], Rep. Stivers, Steve [R-OH-15], Rep. Carney, John C., Jr. [D-DE-At Large], Rep. Sherman, Brad [D-CA-32], Rep. Cárdenas, Tony [D-CA-29], Rep. Beatty, Joyce [D-OH-3], Rep. Kind, Ron [D-WI-3], Rep. Ashford, Brad [D-NE-2], Rep. Norcross, Donald [D-NJ-1], Rep. Huizenga, Bill [R-MI-4], Rep. Hurt, Robert [R-VA-5], Rep. Mulvaney, Mick [R-SC-5], Rep. Poliquin, Bruce [R-ME-2], Rep. Messer, Luke [R-IN-6], Rep. Vargas, Juan [D-CA-52], Rep. Himes, James A. [D-CT-4], Rep. Sewell, Terri A. [D-AL-7], Rep. Neugebauer, Randy [R-TX-19], Rep. Guinta, Frank C. [R-NH-1], Rep. Wagner, Ann [R-MO-2], James Renacci, Rep. Connolly, Gerald E. [D-VA-11], Rep. Pittenger, Robert [R-NC-9], Rep. Perlmutter, Ed [D-CO-7], Rep. Costello, Ryan A. [R-PA-6], Rep. DelBene, Suzan K. [D-WA-1], Rep. Boyle, Brendan F. [D-PA-2], Rep. McHenry, Patrick T. [R-NC-10], Rep. Hill, J. French [R-AR-2], Rep. Kilmer, Derek [D-WA-6], Rep. Fincher, Stephen Lee [R-TN-8], Rep. Williams, Roger [R-TX-25], Rep. Royce, Edward R. [R-CA-39], Rep. Tipton, Scott R. [R-CO-3], Rep. Emmer, Tom [R-MN-6], Rep. Foster, Bill [D-IL-11], Rep. Love, Mia B. [R-UT-4]

Subjects

Discovery layer

Source updated

7 April 2025

Summary

Financial Stability Oversight Council Improvement Act of 2015 Amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council, when determining whether to subject a U.S. or a foreign nonbank financial company to supervision by the Board of Governors of the Federal Reserve System (Board), including prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate identified risks to U.S. financial stability. Directs the Council to: (1) reevaluate annually its determinations regarding a nonbank financial company under Board supervision, and (2) provide the company written notice and opportunity to submit written materials contesting a determination Permits a nonbank financial company, every five years after the Council's final determination, to request a reevaluation of it. Prescribes procedural requirements for proposed Council determinations and final decisionmaking. Directs the Council every five years to study: (1) the impact of its determinations to subject nonbank financial companies to Board supervision and prudential standards, and (2) whether such determinations have the intended result of improving domestic financial stability.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 23 March 2015

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 23 March 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 23 March 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 3 November 2015

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  5. 4 November 2015

    Vote

    Ordered to be Reported by the Yeas and Nays: 44 - 12.

    Source: Committee

  6. 4 November 2015

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  7. 12 December 2016

    Calendars

    Placed on the Union Calendar, Calendar No. 681.

    Source: Calendars

  8. 12 December 2016

    Reported

    Reported by the Committee on Financial Services. H. Rept. 114-871.

    Source: Committee

  9. 12 December 2016

    Reported

    Reported by the Committee on Financial Services. H. Rept. 114-871.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

6 official files

Reported in House (text)

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  • Reported in House (text)

    Reported in House · EN · 12 December 2016

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  • Reported in House (PDF)

    Reported in House · EN · 12 December 2016

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  • Reported to House without amendment

    summary · EN · 12 December 2016

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  • Introduced in House (text)

    Introduced in House · EN · 23 March 2015

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  • Introduced in House (PDF)

    Introduced in House · EN · 23 March 2015

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  • Introduced in House

    summary · EN · 23 March 2015

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Sponsors

Showing 48 of 62 sponsors and actors.

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Sources

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