II 118th CONGRESS 2d Session S. 3601 IN THE SENATE OF THE UNITED STATES January 17, 2024 Mr. Rounds (for himself and Ms. Sinema ) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To amend the Financial Stability Act of 2010 to require the Financial Stability Oversight Council to consider alternative approaches before determining that a U.S. nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System, and for other purposes.