Final answer:
The Dodd-Frank Act created the Financial Stability Oversight Council to monitor and ensure the stability of the United States' financial system.
Step-by-step explanation:
The Financial Stability Oversight Council was created by The Dodd-Frank Act. This legislation was a response to the 2008 financial crisis and aimed to promote the stability of the financial system by providing comprehensive monitoring to ensure the stability of major financial entities that could pose a threat to the financial system if they failed. This council is charged with identifying risks to the financial stability of the United States, promoting market discipline, and responding to emerging threats to the stability of the nation's financial system.