S. 3578: Financial Stability Oversight Council Improvement Act of 2025

S. 3578 is a federal bill in the 119th Congress. Currently, the Financial Stability Oversight Council can designate certain large nonbank financial companies for strict Federal Reserve supervision based on potential risks to the financial system, without needing to prove that other steps would fail.… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.