United States 119th Congress Status: In Committee Bipartisan · 2 R · 2 D cosponsors

S 3578 — Financial Stability Oversight Council Improvement Act of 2025

Last action — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced December 18, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Advancing 38% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 4 sponsors

    1 primary, 3 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (2 R · 2 D) — cross-party backing.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Financial Stability Oversight Council Improvement Act of 2025This 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.

Bill Text

How this bill changes current law

3 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill modifies the Financial Stability Act of 2010 by requiring the Financial Stability Oversight Council to consider alternative actions before making a supervision determination regarding U.S. nonbank financial companies.

  • 12 U.S.C. 5323(a)(1)

    The Council → Subject to paragraph (3), the Council

    This change specifies that the Council's actions are subject to additional conditions outlined in a new paragraph.

  • 12 U.S.C. 5323(a)

    (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 the company could pose to the financial stability of the United States.

    This addition establishes a requirement for the Council to explore alternative actions before moving to supervise a U.S. nonbank financial company.

  • 12 U.S.C. 5323(f)(1)

    subsection (e) → subsections (a)(3) and (e)

    This change clarifies that references to other subsections in the law now include considerations from the newly added paragraph (3).

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sponsorship breakdown

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1 sponsors · 3 co-sponsors · 543 not signed on

Sponsors (1)

Co-sponsors (3)

Not signed on (543)

543 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S 3578 do?
Financial Stability Oversight Council Improvement Act of 2025This 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.
Who sponsors S 3578?
S 3578 is sponsored by Peters, Gary C. (Democratic), Gallego, Ruben (Democratic), McCormick, David (Republican), and Rounds, Mike (Republican).
What is the current status of S 3578?
This bill is in committee in the Senate. Introduced December 18, 2025. It must pass committee before a floor vote.
Where can I track S 3578?
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