Financial Stability Oversight Bill
Official: Enhancing Financial Stability Research and Oversight Act
This bill aims to strengthen financial oversight by ensuring proper funding and staffing for key financial research offices. It helps maintain stability in the financial system, which is important for everyone.
1. This bill secures independent funding for the Office of Financial Research. 2. It sets a minimum budget of $124.6 million for the Office each year. 3. The bill requires at least 231 staff members for the Office of Financial Research. 4. It establishes a minimum staffing level of 48 positions for the Financial Stability Oversight Council. 5. The Council must receive at least $15.3 million annually for its operations.
Workers in the financial sector and the general public who rely on a stable economy.