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H.R. 4061: Financial Stability Oversight Council Improvement Act of 2017

CBO Score

$32 million

Date of Report

Thu March 8th, 2018

CBO Report Details

Legislation Details

115th Congress

To amend the Financial Stability Act of 2010 to improve the transparency of the Financial Stability Oversight Council, to improve the SIFI designation process, and for other purposes.

Sponsor: Rep. Dennis Ross — R — FL

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 ris...

View the full vote history of this bill on GovTrack.us.

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