Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 4061
115th Congress(2017-2018)
Financial Stability Oversight Council Improvement Act of 2017
Active
Amendments
Active
Passed House on Apr 11, 2018
Overview
Text
Introduced
Oct 12, 2017
Latest Action
Apr 12, 2018
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4061
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Dennis Ross
Florida
Democrat
Terri Sewell
Alabama
Republican
David Schweikert
Arizona
Democrat
Kyrsten Sinema
Arizona
Republican
French Hill
Arkansas
Democrat
Brad Sherman
California
Republican
Ed Royce
California
Democrat
Jim Costa
California
Democrat
Mike Thompson
California
Democrat
Pete Aguilar
California
Democrat
Scott Peters
California
Democrat
Tony Cardenas
California
Democrat
Ed Perlmutter
Colorado
Republican
Scott Tipton
Colorado
Democrat
Jim Himes
Connecticut
Democrat
Lisa Blunt Rochester
Delaware
Republican
Barry Loudermilk
Georgia
Democrat
David Scott
Georgia
Democrat
Bill Foster
Illinois
Democrat
Mike Quigley
Illinois
Republican
Randy Hultgren
Illinois
Republican
Luke Messer
Indiana
Republican
Trey Hollingsworth
Indiana
Republican
Andy Barr
Kentucky
Republican
Bruce Poliquin
Maine
Democrat
John Delaney
Maryland
Democrat
Seth Moulton
Massachusetts
Republican
Bill Huizenga
Michigan
Republican
Tom Emmer
Minnesota
Republican
Ann Wagner
Missouri
Republican
Blaine Luetkemeyer
Missouri
Democrat
Ruben Kihuen
Nevada
Democrat
Ann McLane Kuster
New Hampshire
Democrat
Donald Norcross
New Jersey
Democrat
Josh Gottheimer
New Jersey
Republican
Tom MacArthur
New Jersey
Democrat
Gregory Meeks
New York
Democrat
Kathleen Rice
New York
Republican
Patrick McHenry
North Carolina
Republican
Robert Pittenger
North Carolina
Republican
Ted Budd
North Carolina
Republican
Jim Renacci
Ohio
Democrat
Joyce Beatty
Ohio
Republican
Pat Tiberi
Ohio
Republican
Steve Stivers
Ohio
Republican
Frank Lucas
Oklahoma
Democrat
Brendan Boyle
Pennsylvania
Republican
Ryan Costello
Pennsylvania
Republican
Pete Sessions
Texas
Republican
Roger Williams
Texas
Democrat
Vicente Gonzalez
Texas
Republican
Mia Love
Utah
Democrat
Gerry Connolly
Virginia
Democrat
Derek Kilmer
Washington
Democrat
Suzan DelBene
Washington
Republican
Alex Mooney
West Virginia
Democrat
Ron Kind
Wisconsin
Republican
Sean Duffy
Wisconsin
House Votes (1)
Senate Votes (0)
checkPassed on April 11, 2018
Question
On Passage
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
Yea-And-Nay
Roll Number
135
House Roll Call Votes
Summary

Financial Stability Oversight Council Improvement Act of 2017

This bill amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council, in determining whether a nonbank financial company shall be designated as systemically important and consequently be supervised by the Federal Reserve Board and subject to prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate identified risks to U.S. financial stability.

Every five years, the council must, upon request by a nonbank financial company, reevaluate such a determination and hold a vote on whether to rescind it.

The bill revises procedural requirements related to council determinations.

Text (4)
Referred in Senate
April 12, 2018
Engrossed in House
April 11, 2018
Reported in House
March 9, 2018
Introduced in House
October 12, 2017
Amendments (1)
Apr 11, 2018
Offered in House
0
Sponsorship
House Amendment 540
Pursuant to the provisions of H.Res. 780, the amendment in the nature of a substitute consisting of the text of Rules Committee Print 115-64, modified by the amendment printed in part A of House Report 115-600 is considered adopted.
Submitted
Related Bills (2)
Aug 01, 2018
Passed Senate
1
Sponsorship
House Bill 6147
Interior, Environment, Financial Services and General Government, Agriculture, Rural Development, Food and Drug Administration, and Transportation, Housing and Urban Development Appropriations Act, 2019
Active
Amendments
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Mar 15, 2018
Passed House
1
Sponsorship
House Simple Resolution 780
Providing for consideration of the bill (H.R. 4061) to amend the Financial Stability Act of 2010 to improve the transparency of the Financial Stability Oversight Council, to improve the SIFI designation process, and for other purposes, and providing for consideration of the bill (H.R. 4293) to reform the Comprehensive Capital Analysis and Review process, the Dodd-Frank Act Stress Test process, and for other purposes.
Active
Type
Procedurally-Related Measure
Procedurally-Related Measure
Legislation that affects consideration of other legislation (e.g., a rule for consideration, a bill ordered to be reported or passed in lieu of another measure). Identical bills, companion measures, and legislation with text similarities are other related bill types.
Identified By
House
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
House
Actions (16)
04/12/2018
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
04/11/2018
Motion to reconsider laid on the table Agreed to without objection.
04/11/2018
On passage Passed by the Yeas and Nays: 297 - 121 (Roll no. 135). (text: CR H3119-3121)
04/11/2018
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 297 - 121 (Roll no. 135).(text: CR H3119-3121)
04/11/2018
The previous question was ordered pursuant to the rule.
04/11/2018
DEBATE - The House proceeded with one hour of debate on H.R. 4061.
04/11/2018
The resolution provides for one hour of debate on each measure. The rule provides for H.R. 4061 and H.R. 4293 to be considered under closed rules.
04/11/2018
Considered under the provisions of rule H. Res. 780. (consideration: CR H3119-3128)
03/14/2018
Rules Committee Resolution H. Res. 780 Reported to House. The resolution provides for one hour of debate on each measure. The rule provides for H.R. 4061 and H.R. 4293 to be considered under closed rules.
03/09/2018
Placed on the Union Calendar, Calendar No. 450.
03/09/2018
Reported by the Committee on Financial Services. H. Rept. 115-592.
01/18/2018
Ordered to be Reported by the Yeas and Nays: 45 - 10.
01/18/2018
Committee Consideration and Mark-up Session Held.
01/17/2018
Committee Consideration and Mark-up Session Held.
10/12/2017
Referred to the House Committee on Financial Services.
10/12/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:38:25 PM
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