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Enhancing Financial Stability Research and Oversight Act

10/28/2022, 1:46 AM

Congressional Summary of HR 5300

Enhancing Financial Stability Research and Oversight Act

This bill gives the Director of the Office of Financial Research (OFR) within the Department of the Treasury sole discretion over the OFR's annual budget. It also establishes minimum funding and staffing levels for the OFR and for the Financial Stability Oversight Council.

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Current Status of Bill HR 5300

Bill HR 5300 is currently in the status of Bill Introduced since December 4, 2019. Bill HR 5300 was introduced during Congress 116 and was introduced to the House on December 4, 2019.  Bill HR 5300's most recent activity was Referred to the House Committee on Financial Services. as of December 4, 2019

Bipartisan Support of Bill HR 5300

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5300

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Banking and financial institutions regulation
- Department of the Treasury
- Executive agency funding and structure
- Financial crises and stabilization
- Government employee pay, benefits, personnel management

Alternate Title(s) of Bill HR 5300

Enhancing Financial Stability Research and Oversight Act
To amend the Financial Stability Act of 2010 to preserve the independent funding in the Office of Financial Research, to establish minimum staffing levels for the Financial Stability Oversight Council, to establish minimum funding levels for such staff, and for other purposes.
Enhancing Financial Stability Research and Oversight Act

Comments

Sponsors and Cosponsors of HR 5300

Bill Foster
Bill Foster
IllinoisDemocrat

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