Enhancing Financial Stability Research and Oversight Act
This bill establishes minimum annual funding and staffing requirements for two key financial oversight entities. It mandates the Office of Financial Research (OFR) maintain at least $124.6 million in annual funding (adjusted yearly using government wage data) and 231 full-time equivalent staff. It also requires the Financial Stability Oversight Council (FSOC) to receive a minimum $15.3 million annually from the OFR for staffing and operations, with similar annual adjustments. The bill prohibits Congressional Appropriations committees from reviewing these funding levels, aiming to preserve the independence of these bodies.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jul 2024
Committee Review
Floor Vote
President
Introduced Jul 25, 2024
Last action Jul 25, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jul 25, 2024
Committee
Referred to the House Committee on Financial Services.
lower
Jul 25, 2024
Introduced
Introduced in House
lower
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Bill Foster
DDemocratic
Co
Brad Sherman
DDemocratic
Co
Joyce Beatty
DDemocratic
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