,,ii #aaeth ,,congress #ast ,session ,s4 #adfc ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,june #bh1 #bjag ,mr4 ,crapo 7for himself1 ,mr4 ,brown1 ,ms4 ,cortez ,masto1 ,mr4 ,cotton1 ,mr4 ,menendez1 ,mr4 ,perdue1 ,mr4 ,rounds1 ,mr4 ,scott1 ,mr4 ,tester1 ,mr4 ,tillis1 ,mr4 ,van ,hollen1 ,mr4 ,warner1 and ,ms4 ,warren7 introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to amend the ,financial ,stability ,act of #bjaj to modify the term of the independent member of the ,financial ,stability ,oversight ,council4 #a4 ,short title ,this ,act may be cited as the ,financial ,stability ,oversight ,council ,insurance ,member ,continuity ,act4 #b4 ,financial ,stability ,oversight ,council ,section #aaa7;c7 of the ,financial ,stability ,act of #bjaj 7#ab ,u4,s4,c4 #ecba7;c77 is amended by adding at the end the following3 7#d7 ,term of independent member ,notwithstanding paragraph 7#a71 if a successor to the independent member of the ,council serving under subsection 7b77#a77;,j7 is not appointed and confirmed by the end of the term of service of such member1 such member may continue to serve until the earlier of-- 7,a7 #ah months after the date on which the term of service ends2 or 7,b7 the date on which a successor to such member is appointed and confirmed4 4