US HB3561 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on June 27 2019 - 25% progression, died in committee
Action: 2019-06-27 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 27 2019 - 25% progression, died in committee
Action: 2019-06-27 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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
Title
Financial Stability Oversight Council Improvement Act of 2019
Sponsors
| Rep. Bill Foster [D-IL] | Rep. Bill Huizenga [R-MI] | Rep. Ben McAdams [D-UT] | Rep. Trey Hollingsworth [R-IN] |
| Rep. Ed Perlmutter [D-CO] | Rep. Scott Tipton [R-CO] | Rep. Terri Sewell [D-AL] | Rep. Ann Wagner [R-MO] |
| Rep. Josh Gottheimer [D-NJ] | Sen. Ted Budd [R-NC] | Rep. David Scott [D-GA] | Rep. Barry Loudermilk [R-GA] |
| Rep. Madeleine Dean [D-PA] | Rep. Garland Barr [R-KY] | Rep. Cindy Axne [D-IA] | Rep. Vicente Gonzalez [D-TX] |
| Rep. James Himes [D-CT] | Rep. Tom Graves [R-GA] | Rep. Alexander Mooney [R-WV] | Rep. Sean Duffy [R-WI] |
| Rep. Brad Sherman [D-CA] | Rep. Sean Maloney [D-NY] | Rep. Suzan DelBene [D-WA] | Rep. Brendan Boyle [D-PA] |
| Rep. Blaine Luetkemeyer [R-MO] | Rep. Bill Posey [R-FL] | Rep. Denver Riggleman [R-VA] | Rep. Anthony Gonzalez [R-OH] |
| Rep. Chrissy Houlahan [D-PA] | Rep. Kathleen Rice [D-NY] | Rep. Roger Williams [R-TX] | Rep. French Hill [R-AR] |
| Rep. Ron Kind [D-WI] | Rep. Scott Peters [D-CA] | Rep. Ann Kuster [D-NH] | Rep. Tom Emmer [R-MN] |
| Rep. Jennifer Wexton [D-VA] | Rep. Frank Lucas [R-OK] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-06-27 | House | Referred to the House Committee on Financial Services. |
| 2019-06-27 | House | Introduced in House |
Same As/Similar To
SB603 (Same As) 2019-03-27 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
Subjects
Banking and financial institutions regulation
Federal Reserve System
Finance and financial sector
Financial Stability Oversight Council
Federal Reserve System
Finance and financial sector
Financial Stability Oversight Council
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/3561/all-info |
| Text | https://www.congress.gov/116/bills/hr3561/BILLS-116hr3561ih.pdf |
