H.R. 3682 · Where this bill is now
In the Senate
Passed the House Feb 9, 2026. Received Feb 11, 2026; no Senate vote yet
What this bill does
In plain words · AI-written from the official summaryRequires alternatives review before Fed oversight
The Financial Stability Oversight Council is a group that watches for threats to the U.S. financial system. Right now, they can decide that certain large nonbank financial companies need to be supervised by the Federal Reserve and follow strict financial rules. This bill would require them to first check whether other, less restrictive actions could address the threat before making that decision.
How it affects you
This mainly affects large nonbank financial companies like insurance firms or investment funds that might otherwise face Federal Reserve oversight. For most people, the change is indirect: the bill could mean some of these companies have more flexibility in how they operate, though the official summary doesn't spell out how that ripples to everyday Americans or their finances.
Read the official summary (Introduced in House, Jun 3, 2025)
Financial Stability Oversight Council Improvement Act of 2025
This 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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 3682
AN ACT
Financial Stability Oversight Council Improvement Act of 2025
Sponsor: Rep. Bill Foster (D-IL-11) · Introduced Jun 3, 2025 · Finance and Financial Sector · 4 versions of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Feb 11, 2026: “Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.”