Senate Bill Would Require FSOC to Exhaust Other Options Before Imposing Fed Oversight on Big Firms
A senate committee must act next: committee consideration.
No action since December 2025
This bill’s path across every version that has carried it.
How this policy affects specific groups of people
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Senators Mike Rounds and Gary Peters introduced the Senate version of the FSOC Improvement Act. The bill would codify requirements for the council to determine if systemic risks could be addressed through means other than designating a financial institution for Federal Reserve supervision.
The House Financial Services Committee passed H.R. 3682, which would make it harder for the FSOC to take over private fund managers. Backers say the bill restores transparency by imposing procedural guardrails and a stronger analytic framework before a firm is designated as systemically important.
No votes recorded for this bill yet.
Document Type
Congressional Bill
Official Title
Financial Stability Oversight Council Improvement Act of 2025
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