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    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 171, Number 94 (Tuesday, June 3, 2025)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. FOSTER:H.R. 3682.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Section 8, Clauses 1 and 18 of theUnited States Constitution.[Page H2419]</pre>]]></constitutionalAuthorityStatementText>
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        <title>Financial Stability Oversight Council Improvement Act of 2025</title>
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        <fullName>Rep. Foster, Bill [D-IL-11]</fullName>
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        <fullName>Rep. Huizenga, Bill [R-MI-4]</fullName>
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        <fullName>Rep. Gottheimer, Josh [D-NJ-5]</fullName>
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        <fullName>Rep. Kim, Young [R-CA-40]</fullName>
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        <fullName>Rep. Pettersen, Brittany [D-CO-7]</fullName>
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        <fullName>Rep. Gonzalez, Vicente [D-TX-34]</fullName>
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        <text><![CDATA[<p><strong>Financial Stability Oversight Council Improvement Act of 2025</strong></p><p>This 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.</p>]]></text>
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        <title>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.</title>
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