Enhancing Financial Stability Research and Oversight Act
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Summary
This bill amends the Financial Stability Act of 2010 to establish and protect minimum funding and staffing levels for two federal financial oversight bodies. It sets a minimum annual budget of $124.6 million for the Office of Financial Research with a minimum of 231 full-time positions, and requires the Financial Stability Oversight Council to maintain at least 48 full-time positions with minimum annual funding of $15.3 million. The bill also shields the Office of Financial Research's budget from appropriations committee review and removes requirements for the Director to consult with the Council Chairperson on certain budgetary decisions, thereby preserving the Office's operational independence.
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