The record

LegislationLegislation· Feb 2026
HR 3682 Passed House — in Senate

Sponsored by Bill Foster (D)

Financial Stability Oversight Council Improvement Act of 2025

Requires the Financial Stability Oversight Council to explore alternatives before subjecting nonbank financial companies to Federal Reserve supervision.

Tradeoff

Adds a procedural check before the government can place a nonbank financial company under Federal Reserve oversight. Does not change the final decision power or financial impact.

What's in it

See official bill text

Passed the House by on February 9, 2026 — now in the Senate.

  1. House

    Introduced

    (Jun 3, 2025)

  2. House

    Committee on Financial Services(Jun 3, 2025)

  3. House

    The Committee on Financial Services voted to send it to the floor

    Reported 47 - 4(Sep 16, 2025)

    Committee report H. Rept. 119-364.

  4. House

    Passage of the bill

    Passed by (Feb 9, 2026)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Feb 11, 2026)