# 119-hr-3682: Financial Stability Oversight Council Improvement Act of 2025

119-hr-3682, Financial Stability Oversight Council Improvement Act of 2025, is a 119th Congress bill sponsored by Rep. Foster, Bill [D-IL-11] (D-IL); status passed_house; PRIA reads it as touching household money (as of 2026-07-15).

- Canonical: https://policyrisk.com/legislation/119-hr-3682
- As of: 2026-07-15
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-3682
- Congress: 119
- Title: Financial Stability Oversight Council Improvement Act of 2025
- Status: passed_house
- Introduced: 2025-06-03
- Sponsor: Rep. Foster, Bill [D-IL-11] (D-IL)
- Cosponsors: 20
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-07-15

## Summary

**Adds an "initial determination" step that requires the Financial Stability Oversight Council to rule out other actions before voting to designate a U.S. nonbank financial company for enhanced supervision.** The Council must consult the company and the company’s primary federal regulator and find that alternatives, including a company-submitted written plan, are impracticable or insufficient to mitigate the threat to financial stability. - Nonbank financial companies get a formal chance to be consulted and to submit a written plan before a designation vote. That can give firms more time and may reduce the chance of immediate designation. - The Council and the company’s primary regulator must make a new legal finding that other actions are impracticable or insufficient. This raises the evidentiary bar for moving to enhanced supervision. - Because the law requires ruling out alternatives first, designations and the imposition of new or heightened standards may take longer and could be harder to impose in urgent situations.

## Cosponsors (20)

- Rep. Huizenga, Bill [R-MI-4] (R-MI), 2025-06-03T00:00:00.000Z
- Rep. Gottheimer, Josh [D-NJ-5] (D-NJ), 2025-06-17T00:00:00.000Z
- Rep. Kim, Young [R-CA-40] (R-CA), 2025-07-02T00:00:00.000Z
- Rep. Sherman, Brad [D-CA-32] (D-CA), 2025-07-10T00:00:00.000Z
- Rep. Pettersen, Brittany [D-CO-7] (D-CO), 2025-07-10T00:00:00.000Z
- Rep. Torres, Ritchie [D-NY-15] (D-NY), 2025-07-15T00:00:00.000Z
- Rep. Lucas, Frank D. [R-OK-3] (R-OK), 2025-07-15T00:00:00.000Z
- Rep. Meuser, Daniel [R-PA-9] (R-PA), 2025-07-16T00:00:00.000Z
- Rep. Cleaver, Emanuel [D-MO-5] (D-MO), 2025-07-17T00:00:00.000Z
- Rep. Houlahan, Chrissy [D-PA-6] (D-PA), 2025-08-29T00:00:00.000Z
- Rep. Scott, David [D-GA-13] (D-GA), 2025-09-02T00:00:00.000Z
- Rep. Schneider, Bradley Scott [D-IL-10] (D-IL), 2025-09-08T00:00:00.000Z
- Rep. Gonzalez, Vicente [D-TX-34] (D-TX), 2025-09-09T00:00:00.000Z
- Rep. Wagner, Ann [R-MO-2] (R-MO), 2025-09-15T00:00:00.000Z
- Rep. Bynum, Janelle S. [D-OR-5] (D-OR), 2025-09-15T00:00:00.000Z
- Rep. Downing, Troy [R-MT-2] (R-MT), 2025-09-15T00:00:00.000Z
- Rep. De La Cruz, Monica [R-TX-15] (R-TX), 2025-09-16T00:00:00.000Z
- Rep. Lawler, Michael [R-NY-17] (R-NY), 2025-09-16T00:00:00.000Z
- Rep. Himes, James A. [D-CT-4] (D-CT), 2025-09-16T00:00:00.000Z
- Rep. Nunn, Zachary [R-IA-3] (R-IA), 2025-09-16T00:00:00.000Z

## Provisions PRIA read

- More checks before labeling risky nonbanks: mixed, medium. The bill would add extra steps before the Financial Stability Oversight Council could designate a U.S. nonbank financial company for enhanced supervision. Before any vote, the Council would consult the company and its main federal regulator. The Council would also have to find that other actions ar…

## Related bills

- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-2102: Major Richard Star Act
- 119-hr-1993: 25th Anniversary of 9/11 Commemorative Coin Act
- 119-hr-979: AM Radio for Every Vehicle Act of 2025
- 119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025
- 119-hr-909: Crime Victims Fund Stabilization Act of 2025

## Sources
- [119-hr-3682 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3682)

## Related
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-2102: Major Richard Star Act](https://policyrisk.com/legislation/119-hr-2102)
- [119-hr-1993: 25th Anniversary of 9/11 Commemorative Coin Act](https://policyrisk.com/legislation/119-hr-1993)
- [119-hr-979: AM Radio for Every Vehicle Act of 2025](https://policyrisk.com/legislation/119-hr-979)
- [119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-hr-3514)
- [119-hr-909: Crime Victims Fund Stabilization Act of 2025](https://policyrisk.com/legislation/119-hr-909)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-3682 (as of 2026-07-15).