# 119-hr-7132: Enhancing Financial Stability Research and Oversight Act

119-hr-7132, Enhancing Financial Stability Research and Oversight Act, is a 119th Congress bill sponsored by Rep. Foster, Bill [D-IL-11] (D-IL); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7132
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7132
- Congress: 119
- Title: Enhancing Financial Stability Research and Oversight Act
- Status: introduced
- Introduced: 2026-01-16
- Sponsor: Rep. Foster, Bill [D-IL-11] (D-IL)
- Cosponsors: 5
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**This bill would lock in independent, inflation‑adjusted funding for the Office of Financial Research (OFR)** and would set minimum staff and budget rules to preserve OFR and Financial Stability Oversight Council (FSOC) independence and operations. - OFR staff and budget: The OFR would have sole discretion to set its annual budget and would be required to maintain at least 231 full‑time equivalent positions. The OFR annual budget could not be less than $124.6 million and would be adjusted each year by the employment cost index for State and local government workers. - FSOC staffing and money: FSOC would be required to maintain at least 48 full‑time positions. The OFR would transfer at least $15.3 million each year to FSOC to pay for Council staffing and other expenses, with that transfer adjusted annually by the same index. - Independence safeguards: The bill would prohibit the Secretary from influencing OFR budget, staffing, or pay and would block Appropriations Committee review of these funding decisions to limit executive and congressional interference. *Would establish guaranteed annual funding floors of about $124.6 million for OFR plus $15.3 million in transfers for FSOC, creating a predictable federal spending floor.*

## Cosponsors (5)

- Rep. Sherman, Brad [D-CA-32] (D-CA), 2026-01-16T00:00:00.000Z
- Rep. Beatty, Joyce [D-OH-3] (D-OH), 2026-01-16T00:00:00.000Z
- Rep. Casten, Sean [D-IL-6] (D-IL), 2026-01-16T00:00:00.000Z
- Rep. Velázquez, Nydia M. [D-NY-7] (D-NY), 2026-01-16T00:00:00.000Z
- Rep. Himes, James A. [D-CT-4] (D-CT), 2026-02-03T00:00:00.000Z

## Provisions PRIA read

- More funding and staff for OFR and FSOC: benefit, medium. If enacted, the Director of the Office of Financial Research (OFR) would have sole discretion to set the OFR annual budget. The OFR budget would not be less than $124,627,000 and that minimum would be adjusted each year by the percent increase (if any) in the employment cost index for total compens…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-7973: Momnibus Act
- 119-hr-7853: PrEP Access and Coverage Act of 2026
- 119-hr-51: Washington, D.C. Admission Act
- 119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025
- 119-hr-7977: Energy Bills Relief Act

## Sources
- [119-hr-7132 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7132)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025](https://policyrisk.com/legislation/119-hr-20)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7132 (as of 2026-04-21).