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Abolition of the Office of Financial Research

This bill aims to abolish the Office of Financial Research. It repeals Subtitle B of the Financial Stability Act of 2010, which established the office. Additionally, the bill makes technical and conforming amendments to other laws, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, striking references to the Office.
Key points
Abolishes the Office of Financial Research.
Repeals Subtitle B of the Financial Stability Act of 2010.
Removes references to the Office from other federal laws, including the Dodd-Frank Act.
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Status:
Expired
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Additional Information
A bill to abolish the Office of Financial Research.
Print number: S 1964
Sponsor: Sen. Cruz, Ted [R-TX]
Process start date: 2023-06-14
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Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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Summary & Status

Key Questions about Abolition of the Office of Financial Research

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 S 1964.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-06-14.

What are the main provisions?

Key points include:

  • Abolishes the Office of Financial Research.
  • Repeals Subtitle B of the Financial Stability Act of 2010.
  • Removes references to the Office from other federal laws, including the Dodd-Frank Act.

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 Sen. Cruz, Ted [R-TX].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

Analysis and Potential Impact of S 1964

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