# 114-hr-3857: To require the Board of Governors of the Federal Reserve System and the Financial Stability Oversight Council to carry out certain requirements under the Financial Stability Act of 2010 before making any new determination under section 113 of such Act, and for other purposes.

114-hr-3857, To require the Board of Governors of the Federal Reserve System and the Financial Stability Oversight Council to carry out certain requirements under the Financial Stability Act of 2010 before making any new determination under section 113 of such Act, and for other purposes., is a 114th Congress bill sponsored by Rep. Messer, Luke [R-IN-6] (R-IN); status Placed on the Union Calendar, Calendar No. 689. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-3857
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-3857
- Congress: 114
- Title: To require the Board of Governors of the Federal Reserve System and the Financial Stability Oversight Council to carry out certain requirements under the Financial Stability Act of 2010 before making any new determination under section 113 of such Act, and for other purposes.
- Status: Placed on the Union Calendar, Calendar No. 689.
- Introduced: 2015-10-29
- Sponsor: Rep. Messer, Luke [R-IN-6] (R-IN)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

This bill prohibits the Financial Stability Oversight Council from determining under the Financial Stability Act of 2010 that certain nonbank financial companies shall be supervised by the Board of Governors of the Federal Reserve System and subject to prudential standards until 90 days after: the Board establishes prudential standards for nonbank financial companies, the Board promulgates criteria for exempting certain types or classes of U.S. or foreign nonbank financial companies from supervision, the Council reevaluates within calendar year 2016 each such determination and rescinds any of them if the nonbank financial company in question no longer meets specified standards, and the Council reports to certain congressional committees its reasons for not rescinding any determination.

## Related bills

- 114-hr-6515: Fairness to Teaching Hospitals Act of 2016
- 114-hr-6470: Graduate Student Savings Act of 2016
- 114-hr-6300: Unaffordable Care Act
- 114-hr-6291: Indiana Dunes National Park Act
- 114-hr-6195: Free Speech Fairness Act
- 114-hr-6100: Protect Family Farms and Businesses Act

## Sources
- [114-hr-3857 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/3857)

## Related
- [114-hr-6515: Fairness to Teaching Hospitals Act of 2016](https://policyrisk.com/legislation/114-hr-6515)
- [114-hr-6470: Graduate Student Savings Act of 2016](https://policyrisk.com/legislation/114-hr-6470)
- [114-hr-6300: Unaffordable Care Act](https://policyrisk.com/legislation/114-hr-6300)
- [114-hr-6291: Indiana Dunes National Park Act](https://policyrisk.com/legislation/114-hr-6291)
- [114-hr-6195: Free Speech Fairness Act](https://policyrisk.com/legislation/114-hr-6195)
- [114-hr-6100: Protect Family Farms and Businesses Act](https://policyrisk.com/legislation/114-hr-6100)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-3857 (as of 2025-11-18).