# 114-hr-3340: Financial Stability Oversight Council Reform Act

114-hr-3340, Financial Stability Oversight Council Reform Act, is a 114th Congress bill sponsored by Rep. Emmer, Tom [R-MN-6] (R-MN); status Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-3340
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-3340
- Congress: 114
- Title: Financial Stability Oversight Council Reform Act
- Status: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced: 2015-07-29
- Sponsor: Rep. Emmer, Tom [R-MN-6] (R-MN)
- Cosponsors: 15
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Financial Stability Oversight Council Reform Act This bill amends the Financial Stability Act of 2010 to make the budgets of the Financial Stability Oversight Council (FSOC) and the Office of Financial Research (OFR) subject to the annual appropriations process and to establish 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 bill also requires the OFR to: (1) submit quarterly reports to Congress regarding its activities; and (2) provide a public notice and comment period of at least 90 days before issuing any report, rule, or regulation.

## Cosponsors (15)

- Rep. Barr, Andy [R-KY-6] (R-KY), 2015-09-08T00:00:00.000Z
- ED ROYCE (R-CA), 2015-09-16T00:00:00.000Z
- Rep. Williams, Roger [R-TX-25] (R-TX), 2015-09-16T00:00:00.000Z
- Rep. Mulvaney, Mick [R-SC-5] (R-SC), 2015-09-17T00:00:00.000Z
- Rep. Pittenger, Robert [R-NC-9] (R-NC), 2015-09-18T00:00:00.000Z
- Rep. Tipton, Scott R. [R-CO-3] (R-CO), 2015-09-18T00:00:00.000Z
- Rep. Sessions, Pete [R-TX-17] (R-TX), 2015-09-24T00:00:00.000Z
- Rep. Poliquin, Bruce [R-ME-2] (R-ME), 2015-10-09T00:00:00.000Z
- Rep. McHenry, Patrick T. [R-NC-10] (R-NC), 2015-10-20T00:00:00.000Z
- Rep. Fincher, Stephen Lee [R-TN-8] (R-TN), 2015-11-02T00:00:00.000Z
- Rep. Messer, Luke [R-IN-6] (R-IN), 2015-11-02T00:00:00.000Z
- Rep. Ross, Dennis A. [R-FL-15] (R-FL), 2015-11-02T00:00:00.000Z
- Rep. Garrett, Scott [R-NJ-5] (R-NJ), 2015-11-04T00:00:00.000Z
- Rep. Luetkemeyer, Blaine [R-MO-3] (R-MO), 2015-11-04T00:00:00.000Z
- Rep. Poe, Ted [R-TX-2] (R-TX), 2015-11-17T00:00:00.000Z

## Related bills

- 114-hr-160: Protect Medical Innovation Act of 2015
- 114-hr-3929: Office of Strategic Services Congressional Gold Medal Act
- 114-hr-1309: Systemic Risk Designation Improvement Act of 2015
- 114-hr-1190: Protecting Seniors' Access to Medicare Act of 2015
- 114-hr-5143: Transparent Insurance Standards Act of 2016
- 114-hr-4773: Protecting Workplace Advancement and Opportunity Act

## Sources
- [114-hr-3340 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/3340)

## Related
- [114-hr-160: Protect Medical Innovation Act of 2015](https://policyrisk.com/legislation/114-hr-160)
- [114-hr-3929: Office of Strategic Services Congressional Gold Medal Act](https://policyrisk.com/legislation/114-hr-3929)
- [114-hr-1309: Systemic Risk Designation Improvement Act of 2015](https://policyrisk.com/legislation/114-hr-1309)
- [114-hr-1190: Protecting Seniors' Access to Medicare Act of 2015](https://policyrisk.com/legislation/114-hr-1190)
- [114-hr-5143: Transparent Insurance Standards Act of 2016](https://policyrisk.com/legislation/114-hr-5143)
- [114-hr-4773: Protecting Workplace Advancement and Opportunity Act](https://policyrisk.com/legislation/114-hr-4773)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-3340 (as of 2025-11-18).