Financial watchdogs would get guaranteed funding and staff to better protect the economy.
This bill would give two key financial watchdog groups, the Office of Financial Research (OFR) and the Financial Stability Oversight Council (FSOC), guaranteed funding and minimum staff levels. It aims to make these groups more independent in their work to spot and address risks to the U.S. financial system. This could lead to a more stable financial system for everyone.
Today, the Office of Financial Research (OFR) and the Financial Stability Oversight Council (FSOC) operate without guaranteed minimum funding or staffing, and the OFR's budget is reviewed by Congress. After this bill, the OFR would have a minimum annual budget of $124,627,000 and at least 231 staff positions, with its funding no longer subject to Congressional review. The FSOC would also get a minimum of 48 staff positions and receive at least $15,287,000 annually from the OFR for its expenses, with both minimum funding levels adjusted yearly based on government worker compensation costs.
HR 7132 · 119th Congress · January 16, 2026 · AI Summary by gemini-2.5-flash · 10/10
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Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.