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.
If you care about financial stability, this bill helps ensure that key financial oversight offices have the resources they need.
Who this affects
Workers in financial sector · General public
What changes is this bill making?
1This bill secures independent funding for the Office of Financial Research.
2It sets a minimum budget of $124.6 million for the Office each year.
3The bill requires at least 231 staff members for the Office of Financial Research.
4It establishes a minimum staffing level of 48 positions for the Financial Stability Oversight Council.
5The Council must receive at least $15.3 million annually for its operations.
