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Repeal of Office of Financial Research: Changes in market oversight.

This bill aims to abolish the Office of Financial Research, which was responsible for analyzing risks to financial stability. This means that government efforts to monitor economic threats may change. For citizens, this could affect how the government responds to potential financial crises, although the direct impact on daily finances is difficult to predict.
Key points
Abolition of the Office of Financial Research, which collected and analyzed financial market data.
Amendments to the Dodd-Frank Act, removing references to the Office of Financial Research.
Modifications to other acts that mentioned the Office of Financial Research, to remove those references.
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Status:
Expired
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Additional Information
To repeal the Office of Financial Research, and for other purposes.
Print number: HR 1486
Sponsor: Rep. Budd, Ted [R-NC-13]
Process start date: 2021-03-02
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Repeal of Office of Financial Research: Changes in market oversight.

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 1486.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-02.

What are the main provisions?

Key points include:

  • Abolition of the Office of Financial Research, which collected and analyzed financial market data.
  • Amendments to the Dodd-Frank Act, removing references to the Office of Financial Research.
  • Modifications to other acts that mentioned the Office of Financial Research, to remove those references.

What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Budd, Ted [R-NC-13].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

Analysis and Potential Impact of HR 1486

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy