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S. 3577: Financial Stability Oversight Council Improvement Act of 2018

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A bill 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.

The bill’s titles are written by its sponsor.

Sponsor and status

Mike Rounds

Sponsor. Junior Senator for South Dakota. Republican.

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Last Updated: Oct 11, 2018
Length: 2 pages
Introduced:

Oct 11, 2018

Status:

Introduced on Oct 11, 2018

This bill is in the first stage of the legislative process. It was introduced into Congress on October 11, 2018. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Prognosis:

2% chance of being enacted according to Skopos Labs (details)

History

Oct 11, 2018
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

If this bill has further action, the following steps may occur next:
 
Passed Committee

 
Passed Senate

 
Passed House

 
Signed by the President

S. 3577 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

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“S. 3577 — 115th Congress: Financial Stability Oversight Council Improvement Act of 2018.” www.GovTrack.us. 2018. November 14, 2018 <https://www.govtrack.us/congress/bills/115/s3577>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.