Enhancing Financial Stability Research and Oversight Act

This bill, titled the "Enhancing Financial Stability Research and Oversight Act," amends the Financial Stability Act of 2010 to bolster the independence and resources of key financial stability bodies. It grants the Office of Financial Research (OFR) Director sole discretion over its annual budget, establishing a minimum funding level of $124,627,000 , adjusted annually for inflation. The bill also mandates a minimum staffing level of 231 full-time equivalent positions for the OFR and removes requirements for the Chairperson's consultation on OFR budget and staffing matters. Furthermore, the legislation ensures the OFR's funding is not subject to review by congressional appropriations committees, explicitly prohibiting the Secretary from influencing its budget or staffing. For the Financial Stability Oversight Council (FSOC) , the bill establishes a minimum staffing level of 48 full-time equivalent positions . It also mandates that the OFR transfer a minimum of $15,287,000 annually to the FSOC to cover its expenses, including for the independent member's office, with this amount also subject to annual adjustment.