.On October 11th, the Financial Stability Oversight Council ("Council") published a second notice of proposed rulemaking that would implement Section 113 of the Dodd-Frank Act. That Section authorizes the Council to require a nonbank financial company to be supervised by the Federal Reserve Board and be subject to prudential standards if the Council determines it is a systemically important financial firm. The proposed rule and attached guidance describe the manner in which the Council intends to apply the statutory standards and considerations, and the processes and procedures that the Council intends to follow, in making determinations under Section 113 of the Dodd-Frank Act. Comments should be submitted within 60 days after publication in the Federal Register, which is expected during the week of October 17. Treasury Department Press Release. On October 12th, Reuters reported two life insurers, MetLife Inc. and Prudential Financial Inc., might meet the proposed thresholds. Thresholds