S. 3578: Financial Stability Oversight Council Improvement Act of 2025
A Senate bill (S.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | Senate bill (S.) |
| Originating chamber | Senate |
| Introduced | 2025-12-18 |
| Sponsor | Sen. Rounds, Mike [R-SD] |
| Policy area | Finance and Financial Sector |
| Cosponsors | 3 |
| Latest action | 2025-12-18 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Last updated | 2026-04-20 |
Summary
Official summary (Introduced in Senate, 2025-12-18):
Financial Stability Oversight Council Improvement Act of 2025
This 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.
Cosponsors (3)
| Name | Party / state |
|---|---|
| Gary C. Peters | D MI (original cosponsor) 2025-12-18 |
| Ruben Gallego | D AZ 2026-02-04 |
| David McCormick | R PA 2026-02-04 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for S. 3578 are published by Congress on congress.gov.
View S. 3578 on congress.gov →
Frequently asked questions
What is S. 3578?
S. 3578 is a Senate bill (S.) introduced in the 119th U.S. Congress, originating in the Senate. Official title: Financial Stability Oversight Council Improvement Act of 2025.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for S. 3578 are available on congress.gov.
Bill data: congress.gov API (official congressional records).