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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.
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Status:
Expired
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Additional Information
Financial Stability Oversight Council Reform Act
Print number: HR 528
Sponsor: Rep. Emmer, Tom [R-MN-6]
Process start date: 2021-01-28
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-04-17
Source data: api.congress.gov
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Summary & Status

Key Questions about Increased Transparency and Oversight for Financial Stability Office

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 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.

Analysis and Potential Impact of HR 528

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