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Senate bill · 119th Congress · Latest step: Introduced

Financial Stability Oversight Council Improvement Act of 2025

S. 3578Introduced Dec 18, 2025Policy area: Finance and Financial Sector

Official title: A bill to amend the Financial Stability Act of 2010 to require the Financial Stability Oversight Council to consider alternative approaches before determining that a U.S. nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System, and for other purposes.

Sponsor: Sen. Mike Rounds R-SD
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Where it went

Latest action: Dec 18, 2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Vote results

No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).

Cosponsors

3 cosponsors — 1 Republican, 2 Democrats

2 of 3 cosponsors (67%) are from the other party.

Ruben Gallego (D-AZ), David McCormick (R-PA), Gary Peters (D-MI).

More from the sponsor

Other 119th Congress bills sponsored by Sen. Mike Rounds.

Related bills

Relationships as recorded by Congress.gov.

Sponsor’s state and district

South Dakota in Congress

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Data as of Sep 13, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.