Both sides have signed this (Bill Ranking)
H.R. 3682 · 119th Congress (2025-2026)
21 members · Left 8 · Center 5 · Right 8 (Bill Ranking)
| Sponsor | Rep. Foster, Bill (D-IL) (Introduced 06/03/2025) |
|---|---|
| Sponsor Voting Record | Center · DW-NOMINATE -0.24 · measured from every roll-call vote this member has cast (voteview.com) (Sponsor Ranking) |
| Support |
LLLCLRR support across the spectrum: 21 members signed on (Bill Ranking) this bill: sponsor + current cosponsors, each once |
| Committees | Senate - Banking, Housing, and Urban Affairs Committee; House - Financial Services Committee; House - Financial Services Committee; House - Financial Services Committee |
| Latest Action | 02/11/2026 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Roll Call Votes | There have been no roll call votes |
| Source | view on congress.gov → |
Introduced in House (06/03/2025)
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.
119 HR 3682 EH: Financial Stability Oversight Council Improvement Act of 2025 U.S. House of Representatives text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IB 119th CONGRESS2d Session H. R. 3682
IN THE HOUSE OF REPRESENTATIVES AN ACT 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.
1.Short titleThis Act may be cited as the Financial Stability Oversight Council Improvement Act of 2025.
2.Financial Stability Oversight CouncilSection 113 of the Financial Stability Act of 2010 (12 U.S.C. 5323) is amended— (1)in subsection (a)— (A)in paragraph (1), by striking The Council and inserting Subject to paragraph (3), the Council; and (B)by adding at the end the following: (3)Initial determinationThe Council may not vote on a proposed determination with respect to a U.S. nonbank financial company under paragraph (1) unless the Council first determines, in consultation with the company and the primary financial regulatory agency with respect to the company, that a different action by the Council or the agency (including the application of new or heightened standards and safeguards under section 120), or by the company under a written plan that is submitted promptly to the Council, is impracticable or insufficient to mitigate the threat that material financial distress at the company, or the nature, scope, size, scale, concentration, interconnectedness, or mix of the activities of the company, could pose to the financial stability of the United States.; and (2)in subsection (f)(1), by striking subsection (e) and inserting subsections (a)(3) and (e). Passed the House of Representatives February 9, 2026.Kevin F. McCumber,Clerk.
119 HR 3682 IH: Financial Stability Oversight Council Improvement Act of 2025 U.S. House of Representatives 2025-06-03 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I119th CONGRESS1st SessionH. R. 3682IN THE HOUSE OF REPRESENTATIVESJune 3, 2025Mr. Foster (for himself and Mr. Huizenga) introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo 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.
1.Short titleThis Act may be cited as the Financial Stability Oversight Council Improvement Act of 2025.
2.Financial Stability Oversight CouncilSection 113 of the Financial Stability Act of 2010 (12 U.S.C. 5323) is amended— (1)in subsection (a)— (A)in paragraph (1), by striking The Council and inserting Subject to paragraph (3), the Council; and (B)by adding at the end the following: (3)Initial determinationThe Council may not vote on a proposed determination with respect to a U.S. nonbank financial company under paragraph (1) unless the Council first determines, in consultation with the company and the primary financial regulatory agency with respect to the company, that a different action by the Council or the agency (including the application of new or heightened standards and safeguards under section 120), or by the company under a written plan that is submitted promptly to the Council, is impracticable or insufficient to mitigate the threat that the company could pose to the financial stability of the United States.; and (2)in subsection (f)(1), by striking subsection (e) and inserting subsections (a)(3) and (e).
119 HR 3682 : Financial Stability Oversight Council Improvement Act of 2025 U.S. House of Representatives 2026-02-11 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IIB119th CONGRESS2d SessionH. R. 3682IN THE SENATE OF THE UNITED STATESFebruary 11, 2026Received; read twice and referred to the Committee on Banking, Housing, and Urban AffairsAN ACTTo 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.1.Short titleThis Act may be cited as the Financial Stability Oversight Council Improvement Act of 2025.2.Financial Stability Oversight CouncilSection 113 of the Financial Stability Act of 2010 (12 U.S.C. 5323) is amended—(1)in subsection (a)—(A)in paragraph (1), by striking The Council and inserting Subject to paragraph (3), the Council; and(B)by adding at the end the following:(3)Initial determinationThe Council may not vote on a proposed determination with respect to a U.S. nonbank financial company under paragraph (1) unless the Council first determines, in consultation with the company and the primary financial regulatory agency with respect to the company, that a different action by the Council or the agency (including the application of new or heightened standards and safeguards under section 120), or by the company under a written plan that is submitted promptly to the Council, is impracticable or insufficient to mitigate the threat that material financial distress at the company, or the nature, scope, size, scale, concentration, interconnectedness, or mix of the activities of the company, could pose to the financial stability of the United States.; and(2)in subsection (f)(1), by striking subsection (e) and inserting subsections (a)(3) and (e).Passed the House of Representatives February 9, 2026.Kevin F. McCumber,Clerk.
119 HR 3682 RH: Financial Stability Oversight Council Improvement Act of 2025 U.S. House of Representatives 2025-11-04 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IBUnion Calendar No. 316119th CONGRESS1st SessionH. R. 3682[Report No. 119–364]IN THE HOUSE OF REPRESENTATIVESJune 3, 2025Mr. Foster (for himself and Mr. Huizenga) introduced the following bill; which was referred to the Committee on Financial ServicesNovember 4, 2025Additional sponsors: Mr. Gottheimer, Mrs. Kim, Mr. Sherman, Ms. Pettersen, Mr. Torres of New York, Mr. Lucas, Mr. Meuser, Mr. Cleaver, Ms. Houlahan, Mr. David Scott of Georgia, Mr. Schneider, Mr. Vicente Gonzalez of Texas, Mrs. Wagner, Ms. Bynum, Mr. Downing, Ms. De La Cruz, Mr. Lawler, Mr. Himes, and Mr. Nunn of IowaNovember 4, 2025Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printedStrike out all after the enacting clause and insert the part printed in italicFor text of introduced bill, see copy of bill as introduced on June 3, 2025A BILLTo 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.1.Short titleThis Act may be cited as the Financial Stability Oversight Council Improvement Act of 2025.2.Financial Stability Oversight CouncilSection 113 of the Financial Stability Act of 2010 (12 U.S.C. 5323) is amended—(1)in subsection (a)—(A)in paragraph (1), by striking The Council and inserting Subject to paragraph (3), the Council; and(B)by adding at the end the following:(3)Initial determinationThe Council may not vote on a proposed determination with respect to a U.S. nonbank financial company under paragraph (1) unless the Council first determines, in consultation with the company and the primary financial regulatory agency with respect to the company, that a different action by the Council or the agency (including the application of new or heightened standards and safeguards under section 120), or by the company under a written plan that is submitted promptly to the Council, is impracticable or insufficient to mitigate the threat that material financial distress at the company, or the nature, scope, size, scale, concentration, interconnectedness, or mix of the activities of the company, could pose to the financial stability of the United States.; and(2)in subsection (f)(1), by striking subsection (e) and inserting subsections (a)(3) and (e).November 4, 2025Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
The bill's own words, from our database (synced from the GPO BILLS XML); paragraph breaks added at the bill's section boundaries, nothing else changed.
| Date | Chamber | All Actions |
|---|---|---|
| 06/03/2025 | Library of Congress | Introduced in House |
| 06/03/2025 | Library of Congress | Introduced in House |
| 06/03/2025 | House floor actions | Referred to the House Committee on Financial Services. |
| 09/16/2025 | House committee actions | Committee Consideration and Mark-up Session Held |
| 09/16/2025 | House committee actions | Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 4. |
| 11/04/2025 | Library of Congress | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-364. |
| 11/04/2025 | House floor actions | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-364. |
| 11/04/2025 | House floor actions | Placed on the Union Calendar, Calendar No. 316. |
| 02/09/2026 | House floor actions | Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended. |
| 02/09/2026 | House floor actions | Considered under suspension of the rules. (consideration: CR H2074-2076) |
| 02/09/2026 | House floor actions | DEBATE - The House proceeded with forty minutes of debate on H.R. 3682. |
| 02/09/2026 | Library of Congress | Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2074) |
| 02/09/2026 | House floor actions | On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2074) |
| 02/09/2026 | House floor actions | Motion to reconsider laid on the table Agreed to without objection. |
| 02/11/2026 | Senate | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Title Type | Title |
|---|---|
| Short Titles from RFS (Referred to Senate) bill text | Financial Stability Oversight Council Improvement Act of 2025 |
| Short Title(s) as Passed House | Financial Stability Oversight Council Improvement Act of 2025 |
| Official Titles from EH (Engrossed in House) bill text | 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. |
| Short Title(s) as Reported to House | Financial Stability Oversight Council Improvement Act of 2025 |
| Display Title | Financial Stability Oversight Council Improvement Act of 2025 |
| Short Title(s) as Introduced | Financial Stability Oversight Council Improvement Act of 2025 |
| Official Title as Introduced | 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. |
There are no amendments to this bill.
* = Original cosponsor
| Committee | Activity |
|---|---|
| Senate - Banking, Housing, and Urban Affairs Committee | 02/11/2026 Referred To |
| House - Financial Services Committee | 11/04/2025 Reported By |
| House - Financial Services Committee | 09/16/2025 Markup By |
| House - Financial Services Committee | 06/03/2025 Referred To |
Policy Area: Finance and Financial Sector
All data on this page comes from our own database (legislation.congress_* tables), synced daily from the GPO govinfo BILLSTATUS and BILLS collections. Formatted after congress.gov; nothing is generated. Member placement is their DW-NOMINATE score (voteview.com, Lewis et al.) - a measurement of roll-call voting behavior, not our judgement. Buckets: Left below −0.50 · Lean Left to −0.25 · Center to +0.25 · Lean Right to +0.50 · Right above +0.50. The bill's Support meter aggregates the people who signed the bill - sponsor and current cosponsors, each counted once - nothing else.