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- H.R.3899
H.R.3899: Financial Stability Oversight Council Improvement Act of 2021
About This Bill
- Introduced June 15, 2021
- Latest Major Action June 15, 2021
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
3 (1 Democrat, 2 Republicans)
Bill Version
- Introduced in House - June 15, 2021
Bill Summary
Financial Stability Oversight Council Improvement Act of 2021 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)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| June 15, 2021 |
Referred to the House Committee on Financial Services.
|
| June 15, 2021 |
Introduced in the House by Bill Foster (D-Ill.) |