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.

Bill ID: 119/s/3578

Last Updated: December 19, 2025

Bill's Journey to Becoming a Law

Track this bill's progress through the legislative process

Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

December 18, 2025

Introduced

Committee Review

📍 Current Status

Next: The bill moves to the floor for full chamber debate and voting.

🗳️

Floor Action

✅

Passed Senate

🏛️

House Review

🎉

Passed Congress

🖊️

Presidential Action

⚖️

Became Law

📚 How does a bill become a law?

1. Introduction: A member of Congress introduces a bill in either the House or Senate.

2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.

3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.

4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.

5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.

6. Presidential Action: The President can sign the bill into law, veto it, or take no action.

7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!

Bill Summary

No summary available

💰 Campaign Finance Network

Sen. Rounds, Mike [R-SD]

Congress 119 • 2024 Election Cycle

Total Contributions

$460,475

132 donors

PACs

Organizations

$2,500

Committees

Individuals

$457,975

No PAC contributions found

SHAKOPEE MDEWAKANTON SIOUX COMMUNITY

2 transactions

$2,000

CHOCTAW NATION OF OKLAHOMA

1 transaction

$500

No committee contributions found

HEGYI, ALBERT

4 transactions

$19,800

ROWAN, CAROLYN

4 transactions

$19,800

ROWAN, MARC J

4 transactions

$19,800

JEPSEN, EDWARD G

4 transactions

$16,500

VIELEHR, BYRON

5 transactions

$15,000

RUBERTON, ROBERT

4 transactions

$13,400

GRANIERI, ROBERT

4 transactions

$13,200

FISHER, KENNETH

2 transactions

$10,100

FISHER, SHERRILYN

2 transactions

$10,100

NICHELE, NOVALENA

2 transactions

$10,000

JACOBSEN, MARK

2 transactions

$9,900

JEPSEN, PETER

2 transactions

$9,900

PFAUTCH, ROY

2 transactions

$9,900

RABOIS, KEITH

2 transactions

$9,900

SCHWARZMAN, CHRISTINE

2 transactions

$9,900

SCHWARZMAN, STEPHEN A.

2 transactions

$9,900

WILLOX, NORMAN

2 transactions

$9,900

HICKS, MICHAEL

2 transactions

$9,500

ENTWISTLE, ANDREW MR.

2 transactions

$6,700

NEIMAN, JIM D

5 transactions

$6,700

DUHAMEL, KATHARINE

1 transaction

$6,600

LOVIER, HEATHER

2 transactions

$6,600

RUNDE, DANIEL

2 transactions

$6,600

SCHIEFFER, KEVIN

2 transactions

$6,600

WALTERS, ROBERT

2 transactions

$6,600

SAMBUR, DAVID

2 transactions

$5,200

DARWISH, SAM

2 transactions

$5,000

GAUFIN, JEFFERSON

2 transactions

$5,000

GAUFIN, LYNN

2 transactions

$5,000

JACOBSON, GARRY W

2 transactions

$5,000

WOOD, ELAINE M

2 transactions

$5,000

DUHAMEL, WILLIAM

5 transactions

$4,800

LEAS, BRET

2 transactions

$4,800

GLENNON, ROBERT

2 transactions

$4,000

MALLOY, MICHAEL

2 transactions

$4,000

SOBEL, AARON

2 transactions

$3,600

ARNOLD, JOHN

1 transaction

$3,300

CASCARILLA, CHARLES

1 transaction

$3,300

CASCARILLA, MARISSA

1 transaction

$3,300

FITZPATRICK, JENNIFER

1 transaction

$3,300

FOGEL, DAVID

1 transaction

$3,300

GOLDMAN, MARC

1 transaction

$3,300

JEPSEN, DIANE F

1 transaction

$3,300

MARQUIS, DUSTIN

1 transaction

$3,300

WALKER, KENT

1 transaction

$3,300

WALTERS, ROBERT D

1 transaction

$3,300

NAPPI, DOUGLAS

3 transactions

$3,200

GLACKIN, BRIAN

4 transactions

$3,000

HOLLAND, LUCAS

4 transactions

$3,000

KLEINMAN, SCOTT

1 transaction

$2,550

LONSDALE, JOE

1 transaction

$2,500

SCHWARTZ, TODD

1 transaction

$2,500

SPECK, ADAM

1 transaction

$2,500

STEPHENS, TYLER

3 transactions

$2,500

CAMBON, PAUL F

2 transactions

$2,000

DRESCHER, STEPHANIE

1 transaction

$2,000

DUKES, DAN

2 transactions

$2,000

EDSON, CHRISTOPHER L

1 transaction

$2,000

MADDOX, BRANDON L

1 transaction

$2,000

MORONEY, JOSEPH

1 transaction

$2,000

PAGE, GREGORY

1 transaction

$2,000

SUYDAM, JOHN

1 transaction

$2,000

WOLFSON, LEN

2 transactions

$2,000

ZITO, JOHN

2 transactions

$2,000

MARQUIS, DARRELL

1 transaction

$1,800

ZELTER, JAMES

1 transaction

$1,550

KURIAN, THOMAS

1 transaction

$1,500

KWON, DANIEL

1 transaction

$1,500

LARSON, TROY

2 transactions

$1,500

BRENNAN, MICHAEL

2 transactions

$1,400

HE, LINGLONG

1 transaction

$1,400

POWELL, TANNER

1 transaction

$1,300

ANDERSON, JOHN

1 transaction

$1,000

CODA, CAROLYN

2 transactions

$1,000

CORLEY, SCOTT

1 transaction

$1,000

DEVIERNO, JOHN A

2 transactions

$1,000

GORDON`, STEVE`

2 transactions

$1,000

IMPERATORE, BRANT

1 transaction

$1,000

ISAAC, PAUL J.

1 transaction

$1,000

JANDREAU, TIA

1 transaction

$1,000

KURTENBACH, REECE

1 transaction

$1,000

KWON, THEODORE

1 transaction

$1,000

LEDFORD, MICHAEL

2 transactions

$1,000

LIVINGSTON, ROBERT

2 transactions

$1,000

MALPASS, DAVID

1 transaction

$1,000

MILNE, JOHN D

2 transactions

$1,000

MORRISEY, DENISE

1 transaction

$1,000

MUELLER, WILLIAM

1 transaction

$1,000

NEAL, JEFFREY

1 transaction

$1,000

PALMER, ANDREW

1 transaction

$1,000

PIPER, WILLIAM

2 transactions

$1,000

PURI, SANJAY

1 transaction

$1,000

RAFFANIELLO, PAT

2 transactions

$1,000

TIESZEN, RICHARD

2 transactions

$1,000

VEALENCIS, JOSEPH

2 transactions

$1,000

JOHNS, SUSAN

1 transaction

$925

HEINZE, BRADLEY

1 transaction

$800

LONG, MARY BETH

1 transaction

$750

AHERN, MICHAEL

1 transaction

$500

100

AITKEN, MARK

1 transaction

$500

101

ASKEY, THELMA

1 transaction

$500

102

COLLINS, MATT

1 transaction

$500

103

ECKEL, SCOTT C

1 transaction

$500

104

GROFT, JAMES

1 transaction

$500

105

HUNT, SARAH

1 transaction

$500

106

JAVITS, ERIC M HON.

1 transaction

$500

107

JING, MIKE

1 transaction

$500

108

KAHLER, ERIC

1 transaction

$500

109

KAMINS, SCOTT

1 transaction

$500

110

KELLOGG, SHANNON

1 transaction

$500

111

LAHOOD, SAMUEL

1 transaction

$500

112

LASS, CON

1 transaction

$500

113

LAW, DENNIS

1 transaction

$500

114

LUCAS, JANE

1 transaction

$500

115

MASON, JEB

1 transaction

$500

116

MILLS, TREVOR

1 transaction

$500

117

MUNSON, LESTER

1 transaction

$500

118

NORD MALLARD, JENNIFER

1 transaction

$500

119

OKUN, BERNARD R

1 transaction

$500

120

POLLMAN ROGERS, DARLA

1 transaction

$500

121

PUNT, RYAN

1 transaction

$500

122

PUSZYNSKI, JAN

1 transaction

$500

123

PUSZYNSKI, MATTHEW

1 transaction

$500

124

SEMMLER, KARA

1 transaction

$500

125

SHUMWAY, CLAYTON

1 transaction

$500

126

SINGH, JASJIT

1 transaction

$500

127

STOWELL, NICK

1 transaction

$500

128

SWEENEY, ROB

1 transaction

$500

129

WRIGHT, ALEX

1 transaction

$500

Cosponsors & Their Campaign Finance

This bill has 1 cosponsors. Below are their top campaign contributors.

Sen. Peters, Gary C. [D-MI]

ID: P000595

Top Contributors

MATCH-E-BE-NASH-SHE-WISH BAND OF POTTAWATOMI INDIANS

Organization SHELBYVILLE, MI

$3,300

Oct 22, 2024

STRATEGIC LINK CONSULTING, LP

Organization KENNESAW, GA

$3,300

May 28, 2024

MUCKLESHOOT INDIAN TRIBE

Organization AUBURN, WA

$3,300

Aug 11, 2023

OTOE MISSOURIA TRIBE OF OKLAHOMA

Organization RED ROCK, OK

$2,900

May 29, 2024

HABEMATOLEL POMO OF UPPER LAKE TRIBE OF CALIFORNIA

Organization UPPER LAKE, CA

$2,900

May 29, 2024

TURTLE MOUNTAIN BAND OF CHIPPEWA TRIBE OF NORTH DAKOTA

Organization BELCOURT, ND

$2,900

May 28, 2024

CHEROKEE NATION

Organization TAHLEQUAH, OK

$2,500

Jan 9, 2024

HABEMATOLEL POMO OF UPPER LAKE TRIBE OF CALIFORNIA

Organization UPPER LAKE, CA

$2,500

Jun 30, 2024

OTOE MISSOURIA TRIBE OF OKLAHOMA

Organization RED ROCK, OK

$2,500

Jun 30, 2024

TURTLE MOUNTAIN BAND OF CHIPPEWA TRIBE OF NORTH DAKOTA

Organization BELCOURT, ND

$2,500

Jun 30, 2024

Donor Network - Sen. Rounds, Mike [R-SD]

Show Also Donated To

PACs

Organizations

Individuals

Politicians

Hub layout: Politicians in center, donors arranged by type in rings around them.

Showing 24 nodes and 26 connections

Total contributions: $142,500

Top Donors - Sen. Rounds, Mike [R-SD]

Showing top 19 donors by contribution amount

2 Orgs17 Individuals

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