To enhance Financial Stability Oversight Council transparency.

HR 3466 would increase transparency around the Financial Stability Oversight Council (FSOC) by requiring it to notify Congress before taking certain actions. The bill mandates that the FSOC provide advance notice to congressional leaders before making determinations, implementing recommendations, or requiring reports from financial regulatory agencies. It establishes waiting periods (30-90 days) before certain actions can take effect after notification, and requires the FSOC to report detailed employee information to Congress monthly. This bill directly affects the FSOC's operations and its relationship with congressional committees overseeing financial regulation.