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Enhancing Financial Stability: Guaranteed Funding and Staffing for Key Regulators.

This bill aims to strengthen the stability of the US financial system by ensuring permanent and independent funding for two key oversight bodies: the Office of Financial Research (OFR) and the Financial Stability Oversight Council (FSOC). By guaranteeing minimum budgets and staffing levels, the act seeks to improve these agencies' ability to detect and prevent future financial crises, indirectly protecting citizens' savings and economic stability.
Key points
OFR Funding Independence: The Office of Financial Research (OFR) is guaranteed a minimum annual budget of at least $124.6 million, which will not be subject to annual Congressional review.
Minimum Staffing Mandates: The bill mandates minimum staffing levels: at least 231 full-time equivalent positions for the OFR and at least 48 for the Financial Stability Oversight Council (FSOC).
Strengthening Oversight: The changes are designed to increase the independence and operational capacity of agencies monitoring systemic risk, crucial for the long-term stability of financial markets.
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Status: Introduced
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Additional Information
Print number: 119_HR_7132
Sponsor: Rep. Foster, Bill [D-IL-11]
Process start date: 2026-01-16
System Note: Lustra is free, publicly auditable civic infrastructure — 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-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Enhancing Financial Stability Research and Oversight Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_7132.

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 2026-01-16.

What are the main provisions?

Key points include:

  • OFR Funding Independence: The Office of Financial Research (OFR) is guaranteed a minimum annual budget of at least $124.6 million, which will not be subject to annual Congressional review.
  • Minimum Staffing Mandates: The bill mandates minimum staffing levels: at least 231 full-time equivalent positions for the OFR and at least 48 for the Financial Stability Oversight Council (FSOC).
  • Strengthening Oversight: The changes are designed to increase the independence and operational capacity of agencies monitoring systemic risk, crucial for the long-term stability of financial markets.
What is the specific legal status?

The current status is Introduced.

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. Foster, Bill [D-IL-11].

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 2026-02-03.

What is the impact of this bill?

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.

CATEGORIES

Economy