The Financial Stability Oversight Council Improvement Act of 2024 aims to change how the Financial Stability Oversight Council operates under the Financial Stability Act of 2010. It requires the Council to explore different options before deciding if a U.S. nonbank financial...
Simple Explanation
The Financial Stability Oversight Council Improvement Act of 2024 wants to make sure that important people who watch over U.S. financial companies think about different ways to keep things safe before making big decisions, and it also wants them to tell everyone about their closed-door meetings by sharing the meeting notes.