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Enhancing Financial Stability Research and Oversight Act

USA119th CongressHR-7132| House 
| Updated: 1/16/2026
Bill Foster

Bill Foster

Democratic Representative

Illinois

Cosponsors (5)
Joyce Beatty (Democratic)James A. Himes (Democratic)Brad Sherman (Democratic)Sean Casten (Democratic)Nydia M. Velázquez (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill, titled the "Enhancing Financial Stability Research and Oversight Act," amends the Financial Stability Act of 2010 to bolster the independence and resources of key financial stability bodies. It grants the Office of Financial Research (OFR) Director sole discretion over its annual budget, establishing a minimum funding level of $124,627,000 , adjusted annually for inflation. The bill also mandates a minimum staffing level of 231 full-time equivalent positions for the OFR and removes requirements for the Chairperson's consultation on OFR budget and staffing matters. Furthermore, the legislation ensures the OFR's funding is not subject to review by congressional appropriations committees, explicitly prohibiting the Secretary from influencing its budget or staffing. For the Financial Stability Oversight Council (FSOC) , the bill establishes a minimum staffing level of 48 full-time equivalent positions . It also mandates that the OFR transfer a minimum of $15,287,000 annually to the FSOC to cover its expenses, including for the independent member's office, with this amount also subject to annual adjustment.
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Timeline

Bill from Previous Congress

HR 116-5300
Enhancing Financial Stability Research and Oversight Act

Bill from Previous Congress

HR 117-7742
Enhancing Financial Stability Research and Oversight Act

Bill from Previous Congress

HR 118-9145
Enhancing Financial Stability Research and Oversight Act
Jan 16, 2026
Introduced in House
Jan 16, 2026
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 116-5300
    Enhancing Financial Stability Research and Oversight Act


  • Bill from Previous Congress

    HR 117-7742
    Enhancing Financial Stability Research and Oversight Act


  • Bill from Previous Congress

    HR 118-9145
    Enhancing Financial Stability Research and Oversight Act


  • January 16, 2026
    Introduced in House


  • January 16, 2026
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Enhancing Financial Stability Research and Oversight Act

USA119th CongressHR-7132| House 
| Updated: 1/16/2026
This bill, titled the "Enhancing Financial Stability Research and Oversight Act," amends the Financial Stability Act of 2010 to bolster the independence and resources of key financial stability bodies. It grants the Office of Financial Research (OFR) Director sole discretion over its annual budget, establishing a minimum funding level of $124,627,000 , adjusted annually for inflation. The bill also mandates a minimum staffing level of 231 full-time equivalent positions for the OFR and removes requirements for the Chairperson's consultation on OFR budget and staffing matters. Furthermore, the legislation ensures the OFR's funding is not subject to review by congressional appropriations committees, explicitly prohibiting the Secretary from influencing its budget or staffing. For the Financial Stability Oversight Council (FSOC) , the bill establishes a minimum staffing level of 48 full-time equivalent positions . It also mandates that the OFR transfer a minimum of $15,287,000 annually to the FSOC to cover its expenses, including for the independent member's office, with this amount also subject to annual adjustment.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-5300
Enhancing Financial Stability Research and Oversight Act

Bill from Previous Congress

HR 117-7742
Enhancing Financial Stability Research and Oversight Act

Bill from Previous Congress

HR 118-9145
Enhancing Financial Stability Research and Oversight Act
Jan 16, 2026
Introduced in House
Jan 16, 2026
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 116-5300
    Enhancing Financial Stability Research and Oversight Act


  • Bill from Previous Congress

    HR 117-7742
    Enhancing Financial Stability Research and Oversight Act


  • Bill from Previous Congress

    HR 118-9145
    Enhancing Financial Stability Research and Oversight Act


  • January 16, 2026
    Introduced in House


  • January 16, 2026
    Referred to the House Committee on Financial Services.
Bill Foster

Bill Foster

Democratic Representative

Illinois

Cosponsors (5)
Joyce Beatty (Democratic)James A. Himes (Democratic)Brad Sherman (Democratic)Sean Casten (Democratic)Nydia M. Velázquez (Democratic)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted