Rulemaking · FSOC · Nov 3, 2023

Guidance on Nonbank Financial Company Determinations

The 2023 FSOC guidance restored a more direct path for designating non-bank financial companies as systemically important and subjecting them to Federal Reserve supervision.

Docket or bill: FR 2023-25053
Official record: https://www.federalregister.gov/documents/2023/11/17/2023-25053/guidance-on-nonbank-financial-company-determinations
Tracked as: Guidance on Nonbank Financial Company Determinations
Issued by: Financial Stability Oversight Council

Traceable spending around this event

Tracked direct contributions from finance banking donors to candidates in the year before the event, with transfers to PACs and parties and independent expenditures reported apart, and lobbying on FIN, BAN issue codes in the surrounding window. These are partial, tracked figures scoped to a window, not totals for the industry. Independent expenditures are spent for or against candidates, not given to them, and are never added to the giving figures.

Giving window: Nov 3, 2022 – Nov 3, 2023. Donation records in this database currently run through Oct 20, 2026; lobbying filings through 2026. Figures computed Oct 29, 2026.

Tracked direct giving to candidates (finance banking)

$1,777,737

164 contributions to person recipients

Transfers to PACs and parties (finance banking)

$25,236,638

3,938 contributions to non-person recipients

IE support

$400,354

3 independent expenditures for candidates

IE oppose

0 independent expenditures against candidates

Lobbying (FIN, BAN)

$605,075,108

1,783 filings, whole-filing LDA totals

Positions on record

none recorded

Tracked direct giving to candidates (finance banking)$1,777,737

Transfers to PACs and parties$25,236,638

Independent expenditures supporting candidates$400,354

Lobbying (FIN, BAN)$605,075,108

Giving to candidates, transfers to PACs, independent expenditures and lobbying are separate figures and are not summed.

Positions

No entity positions are recorded for this event yet. Positions are shown only where an entity has a cited stance on the record. Stances inferred from donations are not shown.

Top lobbying on these issues

Clients with the most reported lobbying spend on FIN, BAN issue codes in the window around the event. Lobbying reports cover multiple issues, so spend is not attributable to this event alone.

CHAMBER OF COMMERCE OF THE U.S.A.$67,720,000 · 4 filings
NATIONAL ASSOCIATION OF REALTORS$52,520,000 · 10 filings
AMAZON.COM SERVICES LLC$17,850,000 · 4 filings
AARP$16,520,000 · 4 filings
NATIONAL ASSOCIATION OF MANUFACTURERS$12,010,000 · 4 filings
Boeing$10,580,000 · 3 filings
UNITEDHEALTH GROUP, INC.$8,740,000 · 4 filings
AMERICAN BANKERS ASSOCIATION$8,390,000 · 5 filings

Figures are drawn from tracked FEC donations and Senate LDA lobbying disclosures held in this database. See the methodology for how spending is scoped to an event window. The spending shown is publicly disclosed, and no violation of law is alleged. Its timing does not establish that any spending caused the outcome.