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   &lt;pre&gt;[Congressional Record Volume 167, Number 104 (Tuesday, June 15, 2021)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. FOSTER:H.R. 3899.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Section 8, Clauses 1 and 18 of theUnited States Constitution.[Page H2817]&lt;/pre&gt;
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     &lt;p&gt;&lt;b&gt;Financial Stability Oversight Council Improvement Act of 2021&lt;/b&gt;&lt;/p&gt; &lt;p&gt;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.&lt;/p&gt;
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   Financial Stability Oversight Council Improvement Act of 2021
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     Financial Stability Oversight Council Improvement Act of 2021
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     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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   This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
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H11100
2021-06-15
Financial Services Committee
hsba00
2
House floor actions
Referred to the House Committee on Financial Services.
IntroReferral
Intro-H
2021-06-15
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-06-15
9
Library of Congress
Introduced in House
IntroReferral
2021-06-15T14:02:00Z
Referred to
House
Financial Services Committee
hsba00
Standing
P000593
7
Ed
Rep. Perlmutter, Ed [D-CO-7]
Perlmutter
D
2021-06-15
CO
H001074
9
Trey
Rep. Hollingsworth, Trey [R-IN-9]
Hollingsworth
R
2021-06-15
IN
H001058
2
Bill
Rep. Huizenga, Bill [R-MI-2]
Huizenga
R
2021-06-15
MI
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-06-15
2021-06-15
Referred to the House Committee on Financial Services.
House
Finance and Financial Sector
F000454
11
Bill
Rep. Foster, Bill [D-IL-11]
N
Foster
D
IL
2021-06-15
Introduced in House
 <p><b>Financial Stability Oversight Council Improvement Act of 2021</b></p> <p>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.</p>
2021-12-13T21:42:35Z
00
2021-06-15T04:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr3899ih/xml/BILLS-117hr3899ih.xml
Financial Stability Oversight Council Improvement Act of 2021
Financial Stability Oversight Council Improvement Act of 2021
Display Title
IH
Introduced in House
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.
Official Title as Introduced
IH
Introduced in House
Financial Stability Oversight Council Improvement Act of 2021
Short Title(s) as Introduced
HR
2022-12-30T17:47:42Z
2022-12-30T17:47:42Z
3.0.0
H11100
2021-06-15
Financial Services Committee
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Referred to the House Committee on Financial Services.
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2021-06-15
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Rep. Foster, Bill [D-IL-11]
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IL
P000593
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Ed
Rep. Perlmutter, Ed [D-CO-7]
Perlmutter
D
2021-06-15
CO
H001074
9
Trey
Rep. Hollingsworth, Trey [R-IN-9]
Hollingsworth
R
2021-06-15
IN
H001058
2
Bill
Rep. Huizenga, Bill [R-MI-2]
Huizenga
R
2021-06-15
MI
2021-06-15
Introduced in House
 <p><b>Financial Stability Oversight Council Improvement Act of 2021</b></p> <p>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.</p>
2021-12-13T21:42:35Z
00
Financial Stability Oversight Council Improvement Act of 2021
Financial Stability Oversight Council Improvement Act of 2021
Display Title
IH
Introduced in House
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.
Official Title as Introduced
IH
Introduced in House
Financial Stability Oversight Council Improvement Act of 2021
Short Title(s) as Introduced
2021-06-15
Referred to the House Committee on Financial Services.