,,ii  #aah? ,,congress  #b;d ,session   
,s4 #cfja  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,janu>y #ag1 #bjbd,mr4 
,r\nds 7= himself & ,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 ( #bjbd4  #b4  
,f9ancial ,/ability ,ov]sight ,c\ncil   
7a7 ,9 g5]al ,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 
7b7 ,additional duties ,section         
#aab7;a77#b7 ( ! ,f9ancial ,/ability    
,act ( #bjaj 7#ab ,u4,s4,c4             
#ecbb7;a77#b77 is am5d$-- 7#a7 9        
subp>agraph 7,m77ii71 by /rik+ & at !   
end2  7#b7 9 subp>agraph                
7,n77vi77,,iii71 by /rik+ ! p]iod at !  
end & ins]t+ a semicolon2 &  7#c7 by    

add+ at ! end ! foll[+3  7,o7 n lat] ?an
 #ahj days aft] ! date ( enactm5t ( ?is 
subp>agraph1 & once e #cfj days !reaft]1
 submit to ! ,committee on ,bank+1      
,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! 
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives a report t-- 7i7
 id5tifies-- 7,i7 ! plann+ mat]ials     
relat+ to a ?reat to ! f9ancial /ability
 ( ! ,unit$ ,/ates t are available =    
collection by1 & dissem9ation to1 memb] 
ag5cies2 &  7,,ii7 ! pot5tial gaps 9    
plann+ activities ) respect to a ?reat  
to ! f9ancial /ability ( ! ,unit$ ,/ates
 & ! ?reats pos$ by ^? gaps2 &  7ii7    
includes-- 7,i7 /eps tak5 by ! ,c\ncil  
to plan = a crisis ) respect to !       
f9ancial /ability ( ! ,unit$ ,/ates1 :i*
 %all be consi/5t ) discussions by memb]
 ag5cies2 &  7,,ii7 a review ( f9ancial 
activities1 products1 & practices2 &    
7,p7 aft] any clos$ meet+ ( ! ,c\ncil1  
publicly release detail$ m9utes ( t     
meet+4  4