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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.
Summary
This bill amends the Financial Stability Act of 2010 to establish minimum funding and staffing levels for two federal financial oversight agencies. The bill sets a minimum annual budget of $124,627,000 for the Office of Financial Research and requires the agency to maintain at least 231 full-time positions, with the Director having sole discretion over the budget. The bill establishes a minimum budget of $15,287,000 for the Financial Stability Oversight Council, which is transferred from the Office of Financial Research, and requires the Council to maintain at least 48 full-time positions. Both minimum funding levels are adjusted annually based on federal employment cost indices. The bill also removes the requirement for the Director of the Office of Financial Research to consult with the Council's Chairperson on budget decisions.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Foster, Bill [D-IL-11] (D-IL)
5 cosponsors
Money behind the sponsor
Top reported contributors to Bill Foster’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- FERMILAB $22,943
- NULL $18,250
- BOSTON UNIVERSITY $17,800
- UNIVERSITY OF CHICAGO $17,560
- NORTHWESTERN UNIVERSITY $17,476
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Bill Foster → · Outside spending →
Actions (2)
- Jan 16, 2026 Referred to the House Committee on Financial Services. · house
- Jan 16, 2026 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE HOUSE OF REPRESENTATIVES
January 16, 2026
Mr. Foster (for himself, Mr. Sherman, Mrs. Beatty, Mr. Casten, and Ms. Velazquez) introduced the following bill; which was referred to the Committee on Financial Services
A BILL
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Enhancing Financial Stability Research and Oversight Act”.
SEC. 2. PRESERVING INDEPENDENT FUNDING.
The Financial Stability Act of 2010 (12 U.S.C. 5311 et seq.) is amended—
(1) in section 152—
(A) by amending subsection (c) to read as follows:
“(c) Budget.—
“(1) In general.—The Director shall have sole discretion to establish the annual budget of the Office.
“(2) Minimum funding level of the budget.—The annual budget of the Office in any given fiscal year shall not be less than $124,627,000.
“(3) Adjustment of minimum funding level.—The dollar amount referred to in paragraph (2) shall be adjusted annually by the Director, using the percent increase (if any) in the employment cost index for total compensation for State and local government workers published by the Federal Government, or the successor index thereto, for the 12-month period ending September 30 of the year preceding the annual budget.”;
(B) in subsection (d)—
(i) by striking “, in consultation with the Chairperson,” each place such term appears; and
(ii) in paragraph (1), by striking “may fix the number of, and appoint” and inserting “shall ensure that the Office has not less than 231 full-time equivalent positions, and may appoint”;
(C) in subsection (h), by striking “, in consultation with the Chairperson,”; and
(D) in subsection (i), by striking “, in consultation with the Chairperson,”; and
(2) in section 155—
(A) in subsection (d), by inserting before the period the following: “, as determined in the sole discretion of the Director”; and
(B) by adding at the end the following:
“(e) Reviewability.—Notwithstanding any other provision of this subtitle, the funding pursuant to subsection (d) shall not be subject to review by the Committees on Appropriations of the House of Representatives and the Senate.
“(f) Preservation of the Office of Financial Research’s Independence.—Nothing in this section shall authorize the Secretary to influence the budget or the number or compensation of employees of the Office.”.
SEC. 3. MINIMUM FSOC STAFFING LEVELS.
(a) Minimum Staffing Level.—Section 111 of the Financial Stability Act of 2010 (12 U.S.C. 5321) is amended by adding at the end the following:
“(k) Minimum Staffing Level.—The Chairperson of the Council shall ensure that the Council has not less than 48 full-time equivalent positions, not including any employees detailed pursuant to subsection
(j).”.
(b) Minimum Budget Levels.—Section 118 of the Financial Stability Act of 2010 (12 U.S.C. 5328) is amended to read as follows:
“SEC. 118. COUNCIL FUNDING.
“(a) In General.—The Office of Financial Research shall transfer to the Council the amount of funds necessary to pay for the expenses of the Council, and the Council may immediately use such funds.
“(b) Minimum Budget.—The Office of Financial Research shall transfer not less than $15,287,000 to the Council each year to pay for the staffing and other expenses of the Council, including for the office of the independent member of the Council described under section 111(b)(1)(J). Such dollar amount shall be adjusted annually by the Chairperson of the Council, using the percent increase (if any) in the employment cost index for total compensation for State and local government workers published by the Federal Government, or the successor index thereto, for the 12-month period ending September 30 of the previous year.”. <all>
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