A bill to amend the Financial Stability Act of 2010 to require the Financial Stability Oversight Council to consider alternative approaches before determining that a U.S. nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System, and for other purposes.

Senate Bill

S. 3578

119th Congress

A bill to amend the Financial Stability Act of 2010 to require the Financial Stability Oversight Council to consider alternative approaches before determining that a U.S. nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System, and for other purposes.

In Committee

Introduced:Dec 18, 2025

Primary Sponsor

Mike Rounds

R - SD

Cosponsors

1

Quick Stats

Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summary Not Yet Available

A detailed summary for this bill has not been generated yet. Check the Full Text tab for the complete bill language.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

3578, 119th Congress (2025). "A bill to amend the Financial Stability Act of 2010 to require the Financial Stability Oversight Council to consider alternative approaches before determining that a U.S. nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System, and for other purposes.". Source: Voter's Right Platform. https://votersright.org/bills/119-s-3578