H.R.4248: FSOC Designation Review Act

About This Bill

  • Introduced Dec. 15, 2015
  • Latest Major Action Dec. 15, 2015

Bill Summary

FSOC Designation Review Act This bill amends the Financial Stability Act of 2010 to revise requirements for reevaluation and reaffirmation of determinations by the Financial Stability Oversight Council (FSOC) that the Board of Governors of the Federal Reserve System supervise and regulate U.S. or foreign nonbank financial companies. The FSOC shall reevaluate such a determination not only annually (as under current law) but also upon the...

(Source: Library of Congress)

Bill Actions

Date Description
Dec. 15, 2015
Referred to the House Committee on Financial Services.
Dec. 15, 2015

Introduced in the House by Lynn Westmoreland (R-Ga.)

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