3.0.0
6962
2024-08-22T15:10:53Z
2024-08-22T15:10:53Z
House
H
HR
2024-01-11
118
[Congressional Record Volume 170, Number 6 (Thursday, January 11, 2024)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. EMMER:H.R. 6962.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8The single subject of this legislation is:This bill seeks to bring the Financial Stability OversightCouncil and the Office of Financial Research undercongressional appropriations.[Page H107]
- hsba00
Financial Services Committee
House
Standing
  - Referred to
2024-01-11T15:04:15Z
- 2024-01-11
Referred to the House Committee on Financial Services.
IntroReferral
H11100
2
House floor actions
  - hsba00
Financial Services Committee
- 2024-01-11
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2024-01-11
Introduced in House
IntroReferral
1000
9
Library of Congress
- E000294
Rep. Emmer, Tom [R-MN-6]
Tom
Emmer
R
MN
6
N
- H001072
Rep. Hill, J. French [R-AR-2]
J.
Hill
R
AR
French
2
2024-01-11
True
- K000397
Rep. Kim, Young [R-CA-40]
Young
Kim
R
CA
40
2024-01-11
True
- P000599
Rep. Posey, Bill [R-FL-8]
Bill
Posey
R
FL
8
2024-01-11
True
- S000250
Rep. Sessions, Pete [R-TX-17]
PETE
SESSIONS
R
TX
17
2024-01-11
True
- L000569
Rep. Luetkemeyer, Blaine [R-MO-3]
Blaine
Luetkemeyer
R
MO
3
2024-01-11
True
- F000471
Rep. Fitzgerald, Scott [R-WI-5]
Scott
Fitzgerald
R
WI
5
2024-01-11
True
- L000583
Rep. Loudermilk, Barry [R-GA-11]
Barry
Loudermilk
R
GA
11
2024-01-11
True
- D000032
Rep. Donalds, Byron [R-FL-19]
Byron
Donalds
R
FL
19
2024-01-11
True
- B001282
Rep. Barr, Andy [R-KY-6]
Andy
Barr
R
KY
6
2024-01-11
True
- R000612
Rep. Rose, John W. [R-TN-6]
John
Rose
R
TN
W.
6
2024-01-11
True
- W000812
Rep. Wagner, Ann [R-MO-2]
Ann
Wagner
R
MO
2
2024-01-16
False
- W000816
Rep. Williams, Roger [R-TX-25]
Roger
Williams
R
TX
25
2024-01-18
False
- L000599
Rep. Lawler, Michael [R-NY-17]
Michael
Lawler
R
NY
17
2024-01-22
False
- T000480
Rep. Timmons, William R. IV [R-SC-4]
William
Timmons
R
SC
R.
4
2024-01-29
False
- H001093
Rep. Houchin, Erin [R-IN-9]
Erin
Houchin
R
IN
9
2024-02-05
False
Finance and Financial Sector
Finance and Financial Sector
2024-01-23T12:45:15Z
00
2024-01-11
Introduced in House
2024-08-20T20:49:31Z
Financial Stability Oversight Council Reform Act
This bill subjects the budgets of the Financial Stability Oversight Council (FSOC) and the Office of Financial Research (OFR) to the annual appropriations process and establishes requirements for reports and a public notice and comment period.
The budgets of the FSOC and the OFR are funded by assessments on financial institutions which are deposited into the Financial Research Fund and, under current law, are immediately available to be spent. This bill requires the funding from the Financial Research Fund to be made available by appropriations acts.
The OFR must submit quarterly reports to Congress regarding its
- finances;
- workforce; and
- actions taken to achieve the goals, objectives, and performance measures of the office.
The OFR must provide a public notice and comment period of at least 90 days before issuing any proposed report, rule, or regulation.
The bill expands the duties of the OFR to include
- publishing an annual work plan;
- consulting with other federal departments and agencies with relevant expertise prior to preparing any public report with respect to a specified entity, class of entities, or financial product or service; and
- developing and implementing a cybersecurity plan.
The Government Accountability Office must annually audit the cybersecurity plan and its implementation.

Financial Stability Oversight Council Reform Act
- Display Title
45

Financial Stability Oversight Council Reform Act
2024-07-24T15:19:25Z
- Short Title(s) as Introduced
101

Financial Stability Oversight Council Reform Act
2024-05-24T13:34:37Z
Introduced in House
IH
- Official Title as Introduced
6

To place the Financial Stability Oversight Council and the Office of Financial Research under the regular appropriations process, to provide for certain quarterly reporting and public notice and comment requirements for the Office of Financial Research, and for other purposes.
2024-03-18T22:06:25Z
Introduced in House
IH
- Introduced in House
2024-01-11T05:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr6962ih/xml/BILLS-118hr6962ih.xml
2024-01-11
Referred to the House Committee on Financial Services.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.