This bill makes it necessary for the Financial Stability Oversight Council to look for other ways to manage risks from nonbank financial companies before deciding on stricter supervision. This is important because it aims to protect the overall financial system while considering less severe options first.
The case for
The case against
No committee member filed a written objection. The committee approved it 47 to 4.
Financial Stability Oversight Council Improvement Act of 2025This 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.
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