The Financial Stability Oversight Council (FSOC) voted to impose new restrictions on to-be-named non-bank financial institutions.  The firms that are speculated to be at the top of this list include AIG, Prudential and GE Capital. The FSOC was created by the Dodd-Frank bill and is charged with the oversight of financial institutions.  Both banks and non-banks.

"It is a step toward clamping down on the “shadow banking” world, which was virtually unregulated before the crisis, said Dennis Kelleher, president of Better Markets, a nonprofit group that promotes the public interest in the financial markets.  Banks and nonbanks have to be regulated, or else we’re going to have another crash,” he said.

Creators of Dodd-Frank believed that these sometimes financially risky entities were part of the cause of the financial meltdown in 2008.

What firms would have to do

Similar to big banks, these newly named firms would have to conduct stress tests to prove solvency; be required to increase capital reserves; and to have a "living will" of sorts.  This is a plan of action in the event that the institution fails.

All three companies indicated that FSOC had been in constant contact with them and GE Capital Spokesperson said that they "are prepared for whatever decision is reached by the FSOC."

Thank you to "The Hill" for the source material.