Financial Stability Oversight Council Improvement Act of 2017
This bill amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council, in determining whether a nonbank financial company shall be designated as systemically important and consequently be supervised by the Federal Reserve Board and subject to prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate identified risks to U.S. financial stability.
Every five years, the council must, upon request by a nonbank financial company, reevaluate such a determination and hold a vote on whether to rescind it.
The bill revises procedural requirements related to council determinations.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2018-04-12 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2018-04-11 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2018-04-11 | Vote | On passage Passed by the Yeas and Nays: 297 - 121 (Roll no. 135). (text: CR H3119-3121) | House floor actions |
| 2018-04-11 | Floor | The previous question was ordered pursuant to the rule. | House floor actions |
| 2018-04-11 | Floor | DEBATE - The House proceeded with one hour of debate on H.R. 4061. | House floor actions |
| 2018-04-11 | Floor | The resolution provides for one hour of debate on each measure. The rule provides for H.R. 4061 and H.R. 4293 to be considered under closed rules. | House floor actions |
| 2018-04-11 | Floor | Considered under the provisions of rule H. Res. 780. (consideration: CR H3119-3128) | House floor actions |
| 2018-03-14 | Floor | Rules Committee Resolution H. Res. 780 Reported to House. The resolution provides for one hour of debate on each measure. The rule provides for H.R. 4061 and H.R. 4293 to be considered under closed rules. | House floor actions |
| 2018-03-09 | Calendars | Placed on the Union Calendar, Calendar No. 450. | House floor actions |
| 2018-03-09 | Committee | Reported by the Committee on Financial Services. H. Rept. 115-592. | House floor actions |
| 2018-01-18 | Committee | Ordered to be Reported by the Yeas and Nays: 45 - 10. | House committee actions |
| 2018-01-18 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2018-01-17 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2017-10-12 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2017-10-12 | IntroReferral | Introduced in House | Library of Congress |