U.S. Congress legislation · 119th Congress
HB3682: Financial Stability Oversight Council Improvement Act of 2025
Status: Passed one chamber, February 11, 2026
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.
What the bill says
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.
From the introduced text, February 11, 2026:
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. SECTION 1. Short title This Act may be cited as the Financial Stability Oversight Council Improvement Act of 2025 . SECTION 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 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. Kevin F. McCumber, Clerk.
Sponsors
- Bill Foster (D, HD-011) · primary sponsor
- Bill Huizenga (R, HD-004)
- Josh Gottheimer (D, HD-005)
- Young Kim (R, HD-CA-40)
- Brad Sherman (D)
- Brittany Pettersen (D, HD-007)
- Ritchie Torres (D, HD-015)
- Frank Lucas (R)
- Dan Meuser (R, HD-009)
- Emanuel Cleaver (D, HD-005)
- Chrissy Houlahan (D, HD-006)
- David Scott (D, HD-GA-13)
Latest actions
- : Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- : Motion to reconsider laid on the table Agreed to without objection.
- : On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2074)
- : 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)
- : DEBATE - The House proceeded with forty minutes of debate on H.R. 3682.
- : Considered under suspension of the rules. (consideration: CR H2074-2076)
- : Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- : Placed on the Union Calendar, Calendar No. 316.
- : Reported (Amended) by the Committee on Financial Services. H. Rept. 119-364.
- : Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 4.
Subjects: Financial services and investments, Finance and Financial Sector, Financial crises and stabilization, Congressional oversight
Common questions
- What is HB3682?
- HB3682 is a bill in Congress (119th Congress): Financial Stability Oversight Council Improvement Act of 2025.
- What does HB3682 do?
- In its own words: 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.
- What is the status of HB3682?
- Passed one chamber as of February 11, 2026. Latest action: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (February 11, 2026).
- Who sponsored HB3682?
- Bill Foster (D, HD-011), with 11 co-sponsors.
- Where is the official record for HB3682?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/3682
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.