3.0.0 1550 2023-01-11T13:28:03Z 2023-01-11T13:28:03Z House HR 2015-03-23 114 [Congressional Record Volume 161, Number 48 (Monday, March 23, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ROSS:H.R. 1550.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 3 (The Congress shall have thePower ``to regulate Commerce with foreign Nations, and amongthe several States and with the Indian Tribes''[Page H1849]]]> hsba00 Financial Services Committee House Standing Reported by 2016-12-12T21:52:13Z Markup by 2015-11-04T15:05:20Z Referred to 2015-03-23T16:04:15Z H. Rept. 114-871 2016-12-12 Placed on the Union Calendar, Calendar No. 681. Calendars H12410 2 House floor actions U00681 2016-12-12 Reported by the Committee on Financial Services. H. Rept. 114-871. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2016-12-12 Reported by the Committee on Financial Services. H. Rept. 114-871. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2015-11-04 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by the Yeas and Nays: 44 - 12. Committee 2015-11-04 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2015-11-03 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2015-03-23 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2015-03-23 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-03-23 Introduced in House IntroReferral 1000 9 Library of Congress R000593 Rep. Ross, Dennis A. [R-FL-15] Dennis Ross R FL A. 15 N D000620 Rep. Delaney, John K. [D-MD-6] John Delaney D MD K. 6 2015-03-23 True M001191 Rep. Murphy, Patrick [D-FL-18] Patrick Murphy D FL 18 2015-03-24 False S001191 Rep. Sinema, Kyrsten [D-AZ-9] Kyrsten Sinema D AZ 9 2015-03-25 False B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 2015-04-29 False K000382 Rep. Kuster, Ann M. [D-NH-2] Ann Kuster D NH M. 2 2015-05-13 False L000569 Rep. Luetkemeyer, Blaine [R-MO-3] Blaine Luetkemeyer R MO 3 2015-05-13 False M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 2015-05-19 False T000462 Rep. Tiberi, Patrick J. [R-OH-12] PATRICK TIBERI R OH J. 12 2015-05-21 False P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2015-06-02 False S001157 Rep. Scott, David [D-GA-13] David Scott D GA 13 2015-06-08 False L000491 Rep. Lucas, Frank D. [R-OK-3] FRANK LUCAS R OK D. 3 2015-06-08 False S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2015-07-07 False C001083 Rep. Carney, John C., Jr. [D-DE-At Large] John Carney D DE C. 0 2015-07-10 False S000344 Rep. Sherman, Brad [D-CA-30] BRAD SHERMAN D CA 30 2015-07-27 False C001097 Rep. Cárdenas, Tony [D-CA-29] Tony Cárdenas D CA 29 2015-09-08 False B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 2015-09-08 False K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2015-09-11 False A000373 Rep. Ashford, Brad [D-NE-2] Brad Ashford D NE 2 2015-09-17 False N000188 Rep. Norcross, Donald [D-NJ-1] Donald Norcross D NJ 1 2015-09-17 False H001058 Rep. Huizenga, Bill [R-MI-2] Bill Huizenga R MI 2 2015-09-25 False H001060 Rep. Hurt, Robert [R-VA-5] Robert Hurt R VA 5 2015-09-25 False M001182 Rep. Mulvaney, Mick [R-SC-5] Mick Mulvaney R SC 5 2015-09-30 False P000611 Rep. Poliquin, Bruce [R-ME-2] Bruce Poliquin R ME 2 2015-09-30 False M001189 Rep. Messer, Luke [R-IN-6] Luke Messer R IN 6 2015-10-05 False V000130 Rep. Vargas, Juan [D-CA-51] Juan Vargas D CA 51 2015-10-06 False H001047 Rep. Himes, James A. [D-CT-4] James Himes D CT A. 4 2015-10-06 False S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2015-10-08 False N000182 Rep. Neugebauer, Randy [R-TX-19] Randy Neugebauer R TX 19 2015-10-08 False G000570 Rep. Guinta, Frank C. [R-NH-1] Frank Guinta R NH C. 1 2015-10-20 False W000812 Rep. Wagner, Ann [R-MO-2] Ann Wagner R MO 2 2015-10-20 False R000586 Rep. Renacci, James B. [R-OH-16] James Renacci R OH B. 16 2015-10-20 False C001078 Rep. Connolly, Gerald E. [D-VA-11] Gerald Connolly D VA E. 11 2015-10-20 False P000606 Rep. Pittenger, Robert [R-NC-9] Robert Pittenger R NC 9 2015-10-23 False P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2015-10-23 False C001106 Rep. Costello, Ryan A. [R-PA-6] Ryan Costello R PA A. 6 2015-10-23 False D000617 Rep. DelBene, Suzan K. [D-WA-1] Suzan DelBene D WA K. 1 2015-10-23 False B001296 Rep. Boyle, Brendan F. [D-PA-13] Brendan Boyle D PA F. 13 2015-10-23 False M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 2015-10-23 False H001072 Rep. Hill, J. French [R-AR-2] J. Hill R AR French 2 2015-10-23 False K000381 Rep. Kilmer, Derek [D-WA-6] Derek Kilmer D WA 6 2015-10-26 False F000458 Rep. Fincher, Stephen Lee [R-TN-8] Stephen Fincher R TN Lee 8 2015-10-27 False W000816 Rep. Williams, Roger [R-TX-25] Roger Williams R TX 25 2015-10-28 False R000487 Rep. Royce, Edward R. [R-CA-39] ED ROYCE R CA 39 2015-11-02 False T000470 Rep. Tipton, Scott R. [R-CO-3] Scott Tipton R CO R. 3 2015-11-02 False E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 2015-11-02 False F000454 Rep. Foster, Bill [D-IL-11] Bill Foster D IL 11 2015-11-03 False L000584 Rep. Love, Mia B. [R-UT-4] Mia Love R UT B. 4 2015-11-03 False R000602 Rep. Rice, Kathleen M. [D-NY-4] Kathleen Rice D NY M. 4 2015-12-10 False Q000023 Rep. Quigley, Mike [D-IL-5] Mike Quigley D IL 5 2016-01-12 False C001059 Rep. Costa, Jim [D-CA-16] Jim Costa D CA 16 2016-02-01 False K000368 Rep. Kirkpatrick, Ann [D-AZ-1] Ann Kirkpatrick D AZ 1 2016-02-02 False P000608 Rep. Peters, Scott H. [D-CA-52] Scott Peters D CA H. 52 2016-02-08 False C001045 Rep. Crenshaw, Ander [R-FL-4] ANDER CRENSHAW R FL 4 2016-03-01 False S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2016-03-02 False D000614 Rep. Duffy, Sean P. [R-WI-7] Sean Duffy R WI P. 7 2016-03-14 False T000460 Rep. Thompson, Mike [D-CA-5] MIKE THOMPSON D CA 5 2016-03-14 False M001193 Rep. MacArthur, Thomas [R-NJ-3] Thomas MacArthur R NJ 3 2016-04-15 False S001183 Rep. Schweikert, David [R-AZ-6] David Schweikert R AZ 6 2016-04-15 False M001196 Rep. Moulton, Seth [D-MA-6] Seth Moulton D MA 6 2016-04-19 False A000371 Rep. Aguilar, Pete [D-CA-31] Pete Aguilar D CA 31 2016-09-21 False 2016-09-15T20:55:47Z H.R. 1550, Financial Stability Oversight Council Improvement Act of 2015 https://www.cbo.gov/publication/52005 As ordered reported by the House Committee on Financial Services on November 4, 2015 Finance and Financial Sector Administrative law and regulatory procedures Administrative remedies Bank accounts, deposits, capital Banking and financial institutions regulation Congressional oversight Federal Reserve System Financial Stability Oversight Council Financial crises and stabilization Financial services and investments Foreign and international banking Government information and archives Government studies and investigations Finance and Financial Sector 00 2015-03-23 Introduced in House 2015-04-07T19:52:42Z Financial Stability Oversight Council Improvement Act of 2015

Amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council, when determining whether to subject a U.S. or a foreign nonbank financial company to supervision by the Board of Governors of the Federal Reserve System (Board), including prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate identified risks to U.S. financial stability.

Directs the Council to: (1) reevaluate annually its determinations regarding a nonbank financial company under Board supervision, and (2) provide the company written notice and opportunity to submit written materials contesting a determination

Permits a nonbank financial company, every five years after the Council's final determination, to request a reevaluation of it.

Prescribes procedural requirements for proposed Council determinations and final decisionmaking.

Directs the Council every five years to study: (1) the impact of its determinations to subject nonbank financial companies to Board supervision and prudential standards, and (2) whether such determinations have the intended result of improving domestic financial stability.

]]> 79 2016-12-12 Reported to House without amendment 2017-01-09T15:47:00Z (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Financial Stability Oversight Council Improvement Act of 2015

(Sec. 2) This bill amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council (FSOC), when determining whether to subject a U.S. or a foreign nonbank financial company to supervision by the Board of Governors of the Federal Reserve System, including prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate identified risks to U.S. financial stability.

FSOC must: (1) reevaluate annually its determinations regarding a nonbank financial company under Federal Reserve Board supervision, and (2) provide the company written notice and opportunity to submit written materials contesting a determination

A nonbank financial company, every five years after FSOC's final determination, may request a reevaluation of it.

The bill prescribes procedural requirements for proposed FSOC determinations and final decisionmaking.

FSOC must study every five years: (1) the impact of its determinations to subject nonbank financial companies to Federal Reserve Board supervision and prudential standards, and (2) whether such determinations have the intended result of improving domestic financial stability.

]]> Financial Stability Oversight Council Improvement Act of 2015 Display Title Financial Stability Oversight Council Improvement Act of 2015 Official Title as Introduced 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. Introduced in House IH Short Titles as Introduced Financial Stability Oversight Council Improvement Act of 2015 Short Titles as Reported to House Financial Stability Oversight Council Improvement Act of 2015 H House Reported in House 2016-12-12T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr1550rh/xml/BILLS-114hr1550rh.xml Introduced in House 2015-03-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr1550ih/xml/BILLS-114hr1550ih.xml 2016-12-12 Placed on the Union Calendar, Calendar No. 681. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.