arrow_back Explore the Feed

Increased Transparency and Oversight for Financial Stability Office

A new law changes how the Office of Financial Research is funded, requiring Congressional approval. It mandates quarterly reporting on the office's activities and allows citizens to provide feedback on planned reports and regulations. It also introduces a public annual work plan for the office.
Key points
The Office of Financial Research will require Congressional appropriations for funding.
The office must report its activities and spending to Congress quarterly.
Citizens will have 90 days to comment on the office's proposed reports and regulations.
The office will publish an annual work plan, available to the public.
A cybersecurity plan for the office's data is required and subject to audit.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_528
Sponsor: Rep. Emmer, Tom [R-MN-6]
Process start date: 2021-01-28
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Financial Stability Oversight Council Reform Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_528.

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 2021-01-28.

What are the main provisions?

Key points include:

  • The Office of Financial Research will require Congressional appropriations for funding.
  • The office must report its activities and spending to Congress quarterly.
  • Citizens will have 90 days to comment on the office's proposed reports and regulations.
  • The office will publish an annual work plan, available to the public.
  • A cybersecurity plan for the office's data is required and subject to audit.
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. Emmer, Tom [R-MN-6].

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 2025-12-28.

CATEGORIES

Economy