Summary: S.603 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.603. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (02/28/2019)

Financial Stability Oversight Council Improvement Act of 2019

The bill requires the Financial Stability Oversight Council, prior to determining that a U.S. nonbank financial company shall be supervised by the Federal Reserve Board and therefore subject to certain prudential standards, to first determine that certain alternative actions would not mitigate the threat the company may pose to U.S. financial stability