US SB603 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 28 2019 - 25% progression, died in chamber
Action: 2019-03-27 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 28 2019 - 25% progression, died in chamber
Action: 2019-03-27 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
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
| Sen. Mike Rounds [R-SD] | Sen. Doug Jones [D-AL] | Sen. Thom Tillis [R-NC] | Sen. Kyrsten Sinema [I-AZ] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-03-27 | Senate | Committee on Banking, Housing, and Urban Affairs. Hearings held. |
| 2019-03-14 | Senate | Committee on Banking, Housing, and Urban Affairs. Hearings held. |
| 2019-02-28 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB3561 (Same As) 2019-06-27 - Referred to the House Committee on Financial Services.
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/senate-bill/603/all-info |
| Text | https://www.congress.gov/116/bills/s603/BILLS-116s603is.pdf |
