FINANCIAL STABILITY OVERSIGHT COUNCIL

Bills and resolutions

Dept. of the Treasury: bring the Financial Stability Oversight Council and Office of Financial Research into the regular appropriations process (see H.R. 3340), H5765 [29JY]

FRS: carry out certain requirements before making any new determination relative to supervision of non-bank financial entities (see H.R. 3857), H7346 [29OC]

Government regulations: hold open meetings, comply with requirements of the Federal Advisory Committee Act, and provide additional improvements to the Council (see H.R. 3557), H6178 [18SE]

——— repeal authority to designate certain non-bank financial institutions as systemically important financial institutions (see S. 107), S59 [7JA]

——— require voting members to testify before Congress at least twice each year or allow Members of Congress to attend any Council meetings (see H.R. 4210), H9269 [10DE]

——— revise reevaluation procedures for determinations that a nonbank financial company shall be supervised by FRS Board of Governors and shall be subject to prudential standards (see H.R. 4248), H9327 [15DE]

——— strengthen review authority of regulations issued by Consumer Financial Protection Bureau (see H.R. 1263), H1610 [4MR]

Remarks in Senate

Wall Street Reform and Consumer Protection Act: impact on economy, S8136 [19NO], S8286–S8289 [2DE]