Search Results for keywords:"financial stability oversight council"

Search Results: keywords:"financial stability oversight council"

H. R. 7691 — To require the Chairperson of the Financial Stability Oversight Council to provide contingency plans for a disruption in the timing of payment on Treasury securities, and for other purposes.
March 15, 2024
Status:Introduced in House
Congress:118
Words:434
H.R. 7691 requires the Chairperson of the Financial Stability Oversight Council to develop contingency plans for potential disruptions in the timing of payments on U.S. Treasury securities. These disruptions could be caused by system failures, cyberattacks, natural disasters,...
Simple Explanation
The bill wants someone in charge to make a plan for what to do if there's a problem with paying back money the government owes. This plan has to think about things like computers breaking or running out of money, and the person has to tell important people in the government what they plan to do to fix it.
S. 3601 — 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.
January 17, 2024
Status:Introduced in Senate
Congress:118
Words:727
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.
S. 3554 — To amend the Financial Stability Act of 2010 to provide the Financial Stability Oversight Council with duties regarding artificial intelligence in the financial sector, and for other purposes.
December 18, 2023
Status:Introduced in Senate
Congress:118
Words:1,691
The bill S. 3554, titled the "Financial Artificial Intelligence Risk Reduction Act" or "FAIRR Act," aims to amend the Financial Stability Act of 2010 by assigning the Financial Stability Oversight Council new responsibilities related to the use of artificial intelligence in...
Simple Explanation
The FAIRR Act is a new rule that asks special money experts to look at how computers making their own decisions (AI) can affect money and making sure it's safe. It wants to set rules to make sure these super-smart computers don't cause big money problems.
H. R. 6962 — To place the Financial Stability Oversight Council and the Office of Financial Research under the regular appropriations process, to provide for certain quarterly reporting and public notice and comment requirements for the Office of Financial Research, and for other purposes.
January 11, 2024
Status:Introduced in House
Congress:118
Words:1,489
H.R. 6962, known as the "Financial Stability Oversight Council Reform Act," proposes placing the Financial Stability Oversight Council and the Office of Financial Research under the regular appropriations process. It requires these entities to provide quarterly reports on their activities and...
Simple Explanation
This bill wants to make the rules for two money-watching groups more like the usual ones other government groups have. It says they should tell everyone about their plans and spending more often and listen to what people think before making new rules.
H. R. 3556 — To amend the Federal financial laws to increase financial regulatory accountability and transparency, and for other purposes.
December 19, 2024
Status:Reported in House
Congress:118
Words:9,159
H.R. 3556 is a proposed law intended to make the United States' financial systems more accountable and transparent. The bill aims to enhance the transparency of major financial institutions like the Federal Deposit Insurance Corporation, the Federal Reserve, and the Financial...
Simple Explanation
H.R. 3556 is like a new set of rules to make sure big money bosses, like banks, share more information about what they do and why, to help everyone keep an eye on them and make sure they are behaving well. It also makes sure there are special checks to pick people who are good at keeping an eye on these money bosses.
H. R. 9145 — To amend the Financial Stability Act of 2010 to preserve the independent funding in the Office of Financial Research, to establish minimum staffing levels for the Financial Stability Oversight Council, to establish minimum funding levels for such staff, and for other purposes.
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July 25, 2024
Status:Introduced in House
Congress:118
Words:883
H.R. 9145 proposes changes to the Financial Stability Act of 2010 to ensure that the Office of Financial Research remains independently funded. The bill mandates that the office's annual budget cannot fall below $124,627,000 and guarantees a minimum of 231 full-time staff positions. It also...
Simple Explanation
H.R. 9145 is like a special rulebook to make sure certain money watchdogs have enough money and helpers to do their jobs and stay independent, but it has to balance between having enough rules to use money wisely and the freedom to change when needed.
H. J. RES. 120 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Financial Stability Oversight Council related to Guidance on Nonbank Financial Company Determinations.
March 22, 2024
Status:Introduced in House
Congress:118
Words:187
H. J. RES. 120 is a resolution in the 118th Congress that aims to revoke a specific rule created by the Financial Stability Oversight Council. The rule in question is related to "Guidance on Nonbank Financial Company Determinations" and was published on November 17, 2023. The...
Simple Explanation
The bill is about Congress wanting to stop a new rule that tells certain financial companies, that are not banks, how they should be checked or controlled. They don't like the rule and if the bill passes, it means the rule won't be used anymore.
H. R. 7057 — To require the Financial Stability Oversight Council to report to Congress annually on the threat illegal immigration poses to the financial stability of the United States and recommendations on mitigating such threat, and for other purposes.
January 18, 2024
Status:Introduced in House
Congress:118
Words:311
H. R. 7057 aims to address the financial impact of illegal immigration on the United States. It requires the Financial Stability Oversight Council to report to Congress each year about the risks illegal immigration might pose to the country's financial stability and to...
Simple Explanation
H.R. 7057 is a plan where the government would check each year to see if people coming to the country without permission are causing money problems for the country, and then share ways to fix any problems they find.
H. J. RES. 120 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Financial Stability Oversight Council related to Guidance on Nonbank Financial Company Determinations.
December 03, 2024
Status:Reported in House
Congress:118
Words:364
H. J. RES. 120 is a joint resolution that aims to disapprove a specific rule submitted by the Financial Stability Oversight Council. This rule is about "Guidance on Nonbank Financial Company Determinations" and was published on November 17, 2023. If this resolution is passed,...
Simple Explanation
H. J. RES. 120 is like a special letter from lawmakers saying they don't like a new rule about some money businesses. If they agree on this letter, that rule won't happen, and we need to find another way to decide about those businesses.
H. R. 9162 — To amend the securities laws to require certain disclosures and reports with respect to the exposure of issuers to China and the threat of sudden loss of market access between the United States and China, and for other purposes.
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July 25, 2024
Status:Introduced in House
Congress:118
Words:3,166
H.R. 9162, titled the “PRC Risk Transparency Act,” aims to amend U.S. securities laws to require companies to disclose their financial ties and exposure to China. This includes details about revenue, investments, joint ventures, and supply chains connected to China, Hong...
Simple Explanation
The PRC Risk Transparency Act wants companies to tell people about their business connections with China, like how much money they make there or if they work with Chinese partners, so everyone knows about possible problems if the U.S. and China stop working together.

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