S 3217 · 111th Congress · Finance and Financial Sector

Restoring American Financial Stability Act of 2010

Introduced 2010-04-15· Sponsored by Sen. Dodd, Christopher J. [D-CT]· Senate

Bill Progress

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Introduced
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Committee
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Senate Vote
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House
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Enacted
Latest: Returned to the Calendar. Calendar No. 349.(2010-05-25)

Plain Language Summary

[AI summary unavailable — showing source text] Restoring American Financial Stability Act of 2010 - Financial Stability Act of 2010 - Establishes the Financial Stability Oversight Council to: (1) identify risks to the financial stability of the United States; (2) promote market discipline; and (3) respond to emerging threats to the stability of the United States financial markets. Establishes within the Department of the Treasury: (1) the Office of Financial Research (Office) to support the Financial Stability Oversight Council; and (2) the Financial Research Fund to fund the Office. Grants the Board of Governors of the Federal Reserve System (Board) additional authority to require reports and conduct examinations of certain nonbank financial companies and bank holding companies. Revises supervision and prudential standards for nonbank financial companies supervised by the Board and for certain bank holding companies. Establishes in the U.S. Bankruptcy Court for the District of Delaware an Orderly Liquidation Authority Panel to authorize the Secretary of the Treasury (Secretary), under specified circumstances, to appoint the Federal Deposit Insurance Corporation (FDIC) as receiver of a financial company in default or in danger …

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

S. 3217, Restoring American Financial Stability Act of 2010

Apr 21, 2010

<p>Cost estimate for the bill as ordered reported by the Senate Committee on Banking, Housing, and Urban Affairs on March 22, 2010</p>

Full CBO report ↗

S. 3217, Restoring American Financial Stability Act of 2010

Apr 21, 2010

Cost estimate for the bill as ordered reported by the Senate Committee on Banking, Housing, and Urban Affairs on March 22, 2010

Full CBO report ↗

S. 3217, Restoring American Financial Stability Act of 2010

May 3, 2010

<p>Cost estimate for the amendment in the nature of a substitute for S. 3217</p>

Full CBO report ↗

S. 3217, Restoring American Financial Stability Act of 2010

May 3, 2010

Cost estimate for the amendment in the nature of a substitute for S. 3217

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office