# 119-s-3578: Financial Stability Oversight Council Improvement Act of 2025

119-s-3578, Financial Stability Oversight Council Improvement Act of 2025, is a 119th Congress bill sponsored by Sen. Rounds, Mike [R-SD] (R-SD); status introduced; PRIA reads it as touching household money (as of 2026-04-22).

- Canonical: https://policyrisk.com/legislation/119-s-3578
- As of: 2026-04-22
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-3578
- Congress: 119
- Title: Financial Stability Oversight Council Improvement Act of 2025
- Status: introduced
- Introduced: 2025-12-18
- Sponsor: Sen. Rounds, Mike [R-SD] (R-SD)
- Cosponsors: 3
- Policy area: unknown
- Touches household money: yes
- Last recorded action: 2026-04-22

## Summary

**Requires the Financial Stability Oversight Council (FSOC) to find that other actions are impracticable or insufficient before proposing that a U.S. nonbank financial company be supervised by the Federal Reserve.** It would make FSOC consult the company and its primary financial regulator and consider company-submitted plans or heightened standards first. - Nonbank financial companies: Get a formal chance to submit a written plan and push FSOC to show that other actions can’t mitigate the risk before a designation vote. - Primary regulators and the Council: Must consult with each other and the company and explicitly weigh alternative agency actions, including new or heightened standards and safeguards under section 120. - Federal Reserve oversight: Adds an initial-determination step to FSOC’s process and aligns voting references so FSOC evaluates alternatives before moving a company under Fed supervision.

## Cosponsors (3)

- Sen. Peters, Gary C. [D-MI] (D-MI), 2025-12-18T00:00:00.000Z
- Sen. Gallego, Ruben [D-AZ] (D-AZ), 2026-02-04T00:00:00.000Z
- Sen. McCormick, David [R-PA] (R-PA), 2026-02-04T00:00:00.000Z

## Provisions PRIA read

- FSOC must try alternatives first: mixed, medium. This bill would require the Financial Stability Oversight Council (FSOC) to make an initial finding before it votes to designate a U.S. nonbank financial company as systemically important. FSOC would have to consult with the company and the company's primary regulator first. FSOC would have to find…

## Related bills

- 119-s-554: United States-Israel Defense Partnership Act of 2025
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-4429: Connected Vehicle Security Act of 2026
- 119-s-1816: Improving Seniors’ Timely Access to Care Act of 2025
- 119-s-1261: CONNECT for Health Act of 2025
- 119-s-558: Antisemitism Awareness Act of 2025

## Sources
- [119-s-3578 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3578)

## Related
- [119-s-554: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-s-554)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-4429: Connected Vehicle Security Act of 2026](https://policyrisk.com/legislation/119-s-4429)
- [119-s-1816: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-s-1816)
- [119-s-1261: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-s-1261)
- [119-s-558: Antisemitism Awareness Act of 2025](https://policyrisk.com/legislation/119-s-558)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3578 (as of 2026-04-22).