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HR 3682
Passed House Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.

Financial Stability Oversight Council Improvement Act of 2025

Introduced Jun 3, 2025

Latest action (Feb 11, 2026) Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Referred to
Banking, Housing, and Urban Affairs Committee Financial Services Committee
Policy area
Finance and Financial Sector
Legislative subjects (3)
Congressional oversightFinancial crises and stabilizationFinancial services and investments

Summary
  • Requires the Financial Stability Oversight Council to explore alternative approaches before determining that a nonbank financial company should be supervised by the Federal Reserve Board.
  • Mandates that the Council consult with the company and its primary financial regulator to determine whether alternatives are impracticable or insufficient before voting on a supervision determination.
  • Specifies alternative approaches that the Council must consider, including Council actions, application of new or heightened standards and safeguards, or a company's written compliance plan.
  • Prohibits the Council from voting on a determination to supervise a nonbank financial company unless it first concludes that alternative measures cannot adequately mitigate the threat to financial stability.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
20 cosponsors

Money behind the sponsor

Top reported contributors to Bill Foster’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.

  • FERMILAB $22,943
  • Employer not reported $18,250
  • BOSTON UNIVERSITY $17,800
  • UNIVERSITY OF CHICAGO $17,560
  • NORTHWESTERN UNIVERSITY $17,476

Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Bill Foster → · Outside spending →

Actions (13)
  1. Feb 11, 2026 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
  2. Feb 9, 2026 Motion to reconsider laid on the table Agreed to without objection. · house
  3. Feb 9, 2026 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2074) · house
  4. Feb 9, 2026 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)
  5. Feb 9, 2026 DEBATE - The House proceeded with forty minutes of debate on H.R. 3682. · house
  6. Feb 9, 2026 Considered under suspension of the rules. (consideration: CR H2074-2076) · house
  7. Feb 9, 2026 Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended. · house
  8. Nov 4, 2025 Placed on the Union Calendar, Calendar No. 316. · house
  9. Nov 4, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-364. · house
  10. Sep 16, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 4. · house
  11. Sep 16, 2025 Committee Consideration and Mark-up Session Held · house
  12. Jun 3, 2025 Referred to the House Committee on Financial Services. · house
  13. Jun 3, 2025 Introduced in House

More bills on these subjects (8)

Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).

  • HR 6955 — Main Street Capital Access Act (shares 3 subjects)
  • S 1582 — GENIUS Act (shares 3 subjects)
  • HR 1654 — CUTS Act (shares 3 subjects)
  • HR 10184 — Consumer Financial Protection Accountability and Reform Act of 2026 (shares 2 subjects)
  • HR 9329 — SEC Reform and Restructuring Act (shares 2 subjects)
  • HR 8286 — Protecting Americans’ Retirement Savings From Politics Act (shares 2 subjects)
  • HR 7314 — Advancing Commonsense Policies Act (shares 2 subjects)
  • HR 6551 — New BANK Act of 2025 (shares 2 subjects)

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

  • HR 7246 — Addressing Climate Financial Risk Act of 2026 · Introduced Jan 27, 2026 · Cong. 119 73%
  • S 3711 — Addressing Climate Financial Risk Act of 2026 · Introduced Jan 28, 2026 · Cong. 119 69%
  • HR 6544 — REVIEW Act of 2025 · Introduced Feb 25, 2026 · Cong. 119 69%
  • HR 6550 — American FIRST Act of 2025 · Introduced Feb 25, 2026 · Cong. 119 65%
  • HR 5952 — Sustainable International Financial Institutions Act of 2025 · Introduced Nov 7, 2025 · Cong. 119 64%
  • HR 4544 — American Access to Banking Act · Passed House May 21, 2026 · Cong. 119 64%

Text versions (4)
  • Referred in Senate · Feb 11, 2026
  • Engrossed in House · Feb 9, 2026
  • Reported in House · Nov 4, 2025
  • Introduced in House · Jun 3, 2025

Committee action

What happened to this bill in committee — the meetings where it was considered and every recorded vote taken on it.

Meetings where this bill was on the agenda

Full text

AN ACT

To amend the Financial Stability Act of 2010 to require the Financial Stability Oversight Council to consider alternative approaches before determining that a U.S. nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “Financial Stability Oversight Council Improvement Act of 2025”.

SEC. 2. FINANCIAL STABILITY OVERSIGHT COUNCIL.

Section 113 of the Financial Stability Act of 2010 (12 U.S.C. 5323) is amended—

(1) in subsection (a)—

(A) in paragraph (1), by striking “The Council” and inserting “Subject to paragraph (3), the Council”; and

(B) by adding at the end the following:

“(3) Initial determination.—The Council may not vote on a proposed determination with respect to a U.S. nonbank financial company under paragraph (1) unless the Council first determines, in consultation with the company and the primary financial regulatory agency with respect to the company, that a different action by the Council or the agency (including the application of new or heightened standards and safeguards under section 120), or by the company under a written plan that is submitted promptly to the Council, is impracticable or insufficient to mitigate the threat that material financial distress at the company, or the nature, scope, size, scale, concentration, interconnectedness, or mix of the activities of the company, could pose to the financial stability of the United States.”; and

(2) in subsection (f)(1), by striking “subsection (e)” and inserting “subsections (a)(3) and (e)”.

Passed the House of Representatives February 9, 2026.

Attest:

Clerk. 119th CONGRESS

2d Session

H. R. 3682

AN ACT

To amend the Financial Stability Act of 2010 to require the Financial Stability Oversight Council to consider alternative approaches before determining that a U.S. nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System, and for other purposes.

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