Bill Foster (D-IL)
Financial Stability Oversight Council Improvement Act of 2025
A Democratic bill with 9 Republican cosponsors · See all 20 cosponsors
Last activity — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
In the other chamber's committee
Passed one chamber and has been handed to a committee in the other.
The committee decides whether it goes any further, and most bills that reach a committee never leave it. A committee that simply does nothing kills a bill without anyone ever voting against it, so no news from here is usually the news.
Its path through Congress
- Introduced
- Passed House voice vote
- In Senate committee
The House by voice vote (members called out yes or no together): no member's position on it was recorded.
What this bill would do
This bill, titled the "Financial Stability Oversight Council Improvement Act of 2025," aims to amend the Financial Stability Act of 2010. It specifically targets how the Financial Stability Oversight Council handles U.S. nonbank financial companies. The Act would require the Council to consider alternative approaches before deciding a company must be supervised by the Board of Governors of the Federal Reserve System. Before voting on such a determination, the Council must first consult with the company and its primary regulatory agency. This consultation must establish that other actions or company plans are insufficient to mitigate potential threats to financial stability.
Yes
- Scored +5
Would business owners be better off under this?
The bill provides financial companies with more opportunity to present alternative plans before facing Federal Reserve supervision.
- Scored +3
Does this protect the right to fair treatment by the courts?
The bill enhances procedural due process for nonbank financial companies by requiring consultation before final determinations.
- Scored +2
Does this make what the government does easier for the public to see?
The bill mandates consultation with companies, which may lead to more transparent oversight processes.
The opposite
- Scored -2
Does this give the federal government more power?
The bill adds procedural hurdles that could impede the Federal Reserve's ability to exercise its oversight authority.
Who it would affect, and how
Potential Positive Impacts for People
-
Requirement for alternative considerations: Under Section 2, paragraph (1)(B), the Council must first determine that other actions—such as new standards or company-submitted plans—are insufficient before moving to supervise a nonbank financial company. This could be positive because it forces the Council to exhaust other options first.
-
Mandatory consultation process: The same section requires the Council to consult with the specific company and its primary financial regulatory agency. This ensures that those directly involved in the company's oversight have a voice in determining if full Council supervision is necessary.
Potential Negative Impacts for People
- Potential delay in oversight actions: Because Section 2, paragraph (1)(B) mandates that the Council first determine that alternative actions or written plans are "impracticable or insufficient," this extra procedural step could delay the process of addressing threats to the financial stability of the United States.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would business owners be better off under this? — The bill provides financial companies with more opportunity to present alternative plans before facing Federal Reserve supervision.
- Governance And Ideology
- Does this protect the right to fair treatment by the courts? — The bill enhances procedural due process for nonbank financial companies by requiring consultation before final determinations. Does this make what the government does easier for the public to see? — The bill mandates consultation with companies, which may lead to more transparent oversight processes. Does this give the federal government more power? — The bill adds procedural hurdles that could impede the Federal Reserve's ability to exercise its oversight authority.
- 2/11/2026
- Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2/9/2026
- Motion to reconsider laid on the table Agreed to without objection.
- Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2074)
- On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2074)
- DEBATE - The House proceeded with forty minutes of debate on H.R. 3682.
- Considered under suspension of the rules. (consideration: CR H2074-2076)
- Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- 11/4/2025
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-364.
- Placed on the Union Calendar, Calendar No. 316.
- 9/16/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 4.
- 4 Cosponsors added.
- 9/15/2025
- 3 Cosponsors added.
- 9/9/2025
- 1 Cosponsor added.
- 9/8/2025
- 1 Cosponsor added.
- 9/2/2025
- 1 Cosponsor added.
- 8/29/2025
- 1 Cosponsor added.
- 7/17/2025
- 1 Cosponsor added.
- 7/16/2025
- 1 Cosponsor added.
- 7/15/2025
- 2 Cosponsors added.
- 7/10/2025
- 2 Cosponsors added.
- 7/2/2025
- 1 Cosponsor added.
- 6/17/2025
- 1 Cosponsor added.
- 6/3/2025
- Referred to the House Committee on Financial Services.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Janelle BynumDemocrat · Oregon
Emanuel CleaverDemocrat · Missouri
Monica De La CruzRepublican · Texas
Troy DowningRepublican · Montana
Vicente GonzalezDemocrat · Texas
Josh GottheimerDemocrat · New Jersey
James HimesDemocrat · Connecticut
Bill HuizengaRepublican · Michigan
Chrissy HoulahanDemocrat · Pennsylvania
Young KimRepublican · California
Frank LucasRepublican · Oklahoma
Michael LawlerRepublican · New York
Daniel MeuserRepublican · Pennsylvania
Zachary NunnRepublican · Iowa
Brittany PettersenDemocrat · Colorado
Brad ShermanDemocrat · California
David ScottDemocrat · Georgia
Bradley SchneiderDemocrat · Illinois
Ritchie TorresDemocrat · New York
Ann WagnerRepublican · Missouri