S. 3577 · 115th Congress
Financial Stability Oversight Council Improvement Act of 2018
- Stage
- In committee
- Sponsor
- Mike Rounds
- Introduced
- 2018-10-11
- Latest action
- 2018-10-11 · Introduced in Senate
Summary
Financial Stability Oversight Council Improvement Act of 2018
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