,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #fjc  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,febru>y #bh1 #bjai,mr4
 ,r\nds 7= himself1 ,mr4 ,jones1 ,mr4   
,tillis1 & ,ms4 ,s9ema7 introduc$ !     
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,bank+1 ,h\s+1 &     
,urban ,affairs  ,a ,,bill  ,to am5d !  
,f9ancial ,/ability ,act ( #bjaj to     
require ! ,f9ancial ,/ability ,ov]sight 
,c\ncil to consid] alt]native approa*es 
be=e det]m9+ t a ,u4,s4 nonbank f9ancial
 company %all be sup]vis$ by ! ,bo>d (  
,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 & =
 o!r purposes4  #a4 ,%ort title ,?is    
,act may be cit$ z ! ,f9ancial ,/ability
 ,ov]sight ,c\ncil ,improvem5t ,act (   
#bjai4  #b4 ,f9ancial ,/ability         
,ov]sight ,c\ncil ,section #aac ( !     
,f9ancial ,/ability ,act ( #bjaj 7#ab   
,u4,s4,c4 #ecbc7 is am5d$-- 7#a7 9      
subsection 7a7--  7,a7 9 p>agraph 7#a71 
by /rik+ ,! ,c\ncil & ins]t+ ,subject to
 p>agraph 7#c71 ! ,c\ncil2 &  7,b7 by   
add+ at ! end ! foll[+3  7#c7 ,initial  

det]m9ation ,! ,c\ncil may n vote on a  
propos$ det]m9ation ) respect to a      
,u4,s4 nonbank f9ancial company "u      
p>agraph 7#a7 unless ! ,c\ncil fir/     
det]m9es1 9 consultation ) ! company & !
 prim>y f9ancial regulatory ag5cy )     
respect to ! company1 t a diff]5t action
 by ! ,c\ncil or ! ag5cy 7includ+ !     
application ( new or height5$ /&>ds &   
safegu>ds "u section #abj71 or by !     
company "u a writt5 plan t is submitt$  
promptly to ! ,c\ncil1 is impracticable 
or insuffici5t to mitigate ! ?reat t !  
company c\ld pose to ! f9ancial /ability
 ( ! ,unit$ ,/ates4  2 &  7#b7 9        
subsection 7f77#a71 by /rik+ subsection 
7e7 & ins]t+ subsections 7a77#c7 & 7e74