FSOC held its second meeting of the new administration, but it only included a non-public executive session, and did not focus the discussion on important topics, such as regulation of nonbanks.

The FSOC is one of the most important financial regulatory agencies charged with protecting the country from financial crashes and taxpayer bailouts. The FSOC continues to have the wrong priorities and continues to ignore its responsibility to designate nonbanks for regulation. In short, rather than protect the American people, acting in a way that will endanger them.

Related Better Markets Press Release: Trump’s FSOC Priorities Risks Financial Crashes, Needless Pain on Main Street, and Taxpayer Bailouts  (3/19/2025)