A bill to abolish the Office of Financial Research.

S 1964 would eliminate the Office of Financial Research (OFR), a federal agency created under the 2010 Dodd-Frank Act to analyze financial market data and support regulatory decisions. The bill repeals the specific section of law establishing the OFR (Subtitle B of the Financial Stability Act of 2010) and removes all references to the office from other financial regulations. This would directly affect financial regulators and agencies that previously relied on the OFR's data and analysis. The change would streamline certain regulatory processes by removing this specific agency from the financial oversight structure.