SIFMA Statement on the Financial Stability Oversight Council Improvement Act of 2025

Washington, D.C., February 9, 2026  – SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on H.R. 3682, the Financial Stability Oversight Council Improvement Act of 2025, which will be considered on the House floor later today:

“SIFMA supports passage of H.R. 3682, the Financial Stability Oversight Council Improvement Act of 2025, sponsored by Rep. Bill Foster (D-IL) and Rep. Bill Huizenga (R-MI).

Congress charged the Financial Stability Oversight Council (FSOC) with identifying and addressing risks to U.S. financial stability, but over time the Council’s varying approaches to designating nonbank financial companies as systemically important financial institutions (SIFIs) have created uncertainty in the markets. H.R. 3682 would provide needed clarity and consistency by establishing clear statutory guardrails for FSOC’s process and ensuring that SIFI designations are used only as a last resort. SIFMA urges Congress to advance this bipartisan legislation to promote stability and predictability in FSOC’s oversight of nonbank financial companies.”

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SIFMA is the leading trade association for broker-dealers, investment banks and asset managers operating in the U.S. and global capital markets. On behalf of our industry’s nearly 1 million employees, we advocate for legislation, regulation and business policy affecting retail and institutional investors, equity and fixed income markets and related products and services. We serve as an industry coordinating body to promote fair and orderly markets, informed regulatory compliance, and efficient market operations and resiliency. We also provide a forum for industry policy and professional development. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.