HR 5300
Enhancing Financial Stability Research and Oversight Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Enhancing Financial Stability Research and Oversight Act, aims to strengthen the Office of Financial Research (OFR) and the Financial Stability Oversight Council (FSOC). It gives the OFR Director sole authority over the office’s budget, setting a minimum annual funding level of $104.77 million and adjusting it annually based on government worker compensation increases. The bill also establishes minimum staffing levels for both the OFR and the FSOC, ensuring adequate resources for these agencies to monitor and analyze financial stability risks.
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