Requires financial regulators to consider other options before labeling some companies as risky.
This bill would change how a council decides if certain financial companies need special oversight. Before labeling a company as a risk to the financial system, the council would have to first check if other solutions could fix the problem. This would give companies a chance to offer their own plans to avoid stricter federal supervision.
Today, the Financial Stability Oversight Council can vote to put certain nonbank financial companies under Federal Reserve supervision without first explicitly considering other options. If this bill passes, the council would first have to decide if other solutions are impossible or not enough to reduce financial risks before voting on such a designation.
HR 3682 · 119th Congress · June 3, 2025 · AI Summary by gemini-2.5-flash · 8/10
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33 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.