Bill117th CongressFiled Jun 15, 2021Finance and Financial Sector
H.R. 3899
Financial Stability Oversight Council Improvement Act of 2021
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jun 15, 2021)
Financial Stability Oversight Council Improvement Act of 2021
The 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 just happenedJun 15, 2021
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Foster, Bill [D-IL-11](D-IL)Sponsor
3 cosponsors1 D2 R
3cosponsors1committees3actions
- Introduced in HouseJun 15, 2021
- Jun 15, 2021IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jun 15, 2021IntroReferralIntro-H
Introduced in House
- Jun 15, 2021IntroReferral1000
Introduced in House