S.603: Financial Stability Oversight Council Improvement Act of 2019

About This Bill

Bill Sponsor

Bill Cosponsors

3 (2 Democrats, 1 Republican)

Bill Version

Bill Summary

Financial Stability Oversight Council Improvement Act of 2019 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

(Source: Library of Congress)

Bill Actions

Date Description
March 27, 2019
Committee on Banking, Housing, and Urban Affairs. Hearings held.
March 14, 2019
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Feb. 28, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb. 28, 2019

Introduced in the Senate by Mike Rounds (R-S.D.)

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