To place a 6-month moratorium on the authority of the Financial Stability Oversight Council to make financial stability determinations.
Ordered to be Reported by the Yeas and Nays: 32 - 27.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Jun 17, 2014
Establishes a six-month moratorium during which the Financial Stability Oversight Council is prohibited from making a determination under the Financial Stability Act of 2010 that a U.S. nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System and be subject to prudential standards, if the Council determines that material financial distress at the company (or its nature, scope, size, scale, concentration, interconnectedness, or mix of activities) could pose a threat to the financial stability of the United States.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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