H.R. 3899 · 117th Congress
Financial Stability Oversight Council Improvement Act of 2021
- Stage
- In committee
- Sponsor
- Bill Foster
- Introduced
- 2021-06-15
- Latest action
- 2021-06-15 · Introduced in House
Summary
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.