Financial Stability Oversight Council Improvement Act of 2017

Hozzl · 2025-04-07T15:21:59Z

Explore the details of House Bill 4061 Financial Stability Oversight Council Improvement Act of 2017 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

4/7/2025, 3:21 PM

Summary of Bill HR 4061

Bill 115 hr 4061, also known as the Financial Stability Oversight Council Improvement Act of 2017, aims to make changes to the Financial Stability Oversight Council (FSOC) in order to improve its effectiveness in monitoring and addressing risks to the financial system.

The bill includes provisions to increase transparency and accountability within the FSOC by requiring the council to hold public meetings and provide more detailed explanations for its decisions. It also calls for the council to conduct more thorough analyses of potential risks to the financial system and to consider the impact of its decisions on market participants.

Additionally, the bill seeks to enhance coordination between the FSOC and other regulatory agencies, such as the Federal Reserve and the Securities and Exchange Commission, in order to better address systemic risks to the financial system. It also includes measures to improve the FSOC's ability to respond to emerging threats to financial stability. Overall, the Financial Stability Oversight Council Improvement Act of 2017 aims to strengthen the FSOC's ability to identify and address risks to the financial system in order to prevent another financial crisis like the one that occurred in 2008.

Current Status of Bill HR 4061

Bill HR 4061 is currently in the status of Bill Introduced since October 12, 2017. Bill HR 4061 was introduced during Congress 115 and was introduced to the House on October 12, 2017. Bill HR 4061's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of April 12, 2018