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United States · Bill · S

S. 3601 (118th)

Financial Stability Oversight Council Improvement Act of 2024

referredUnited States· United States Congress· EN

Introduced

17 January 2024

Last action

17 January 2024 · Introduced

Status

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

Sponsors

Sen. Rounds, Mike [R-SD], Sen. Sinema, Kyrsten [I-AZ]

Subjects

Discovery layer

Source updated

14 January 2025

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Summary

Financial Stability Oversight Council Improvement Act of 2024 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. The bill also requires the council to annually submit a report to Congress identifying planning materials and activities relating to threats to U.S. financial stability, as well as steps taken by the council to plan for a financial crisis. Finally, the council must publicly release detailed minutes after a closed meeting of the council.

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

Timeline

  1. 17 January 2024

    Introduced

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

    Source: IntroReferral

  2. 17 January 2024

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 17 January 2024

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 17 January 2024

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 17 January 2024

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Sponsors

Related records

Sources

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