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Congress·Passed House·21 days ago

Financial Oversight: New Rules for Regulating Large Nonbank Companies

Also known as: Financial Stability Oversight Council Improvement Act of 2025

Legislative Progress

✓ Filed
✓ Review
✓ House
Senate
President

Key Points

  • This bill changes how the government monitors large financial companies that aren't banks, such as big insurance or investment firms. It requires the Financial Stability Oversight Council to try other solutions before putting these companies under the strict supervision of the Federal Reserve.
  • Before the Council can increase oversight, they must first consult with the company and its primary regulator. They have to prove that other options—like new safety standards or a specific plan from the company—are not enough to protect the U.S. economy from a potential collapse.
  • This policy creates a 'last resort' approach to federal regulation. It aims to ensure that the government doesn't step in with heavy-handed rules if a company can fix its own risks or if smaller regulators can handle the problem effectively.
  • The bill was introduced by a bipartisan group in Congress, including Representatives Foster and Huizenga. It seeks to update rules created after the 2008 financial crisis to make the regulatory process more transparent for businesses.

Milestones

3 milestones12 actions
Feb 9, 2026House

Motion to reconsider laid on the table Agreed to without objection.

Feb 9, 2026House

On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2074)

Feb 9, 2026

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

Feb 9, 2026House

DEBATE - The House proceeded with forty minutes of debate on H.R. 3682.

Feb 9, 2026House

Considered under suspension of the rules. (consideration: CR H2074-2076)

Source Information

Document Type

Congressional Bill

Official Title

Financial Stability Oversight Council Improvement Act of 2025

Bill NumberHR 3682
Congress119th Congress
ChamberHouse of Representatives
Latest ActionMotion to reconsider laid on the table Agreed to without objection.

Sponsor

Cosponsors

(20)
D: 11R: 9

Analysis generated by AI. While we strive for accuracy, this should not be considered legal or professional advice. Always verify information with official government sources.