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United States · Bill · HR

H.R. 3340 (114th)

Financial Stability Oversight Council Reform Act

referredUnited States· United States Congress· EN

Introduced

29 July 2015

Last action

18 April 2016 · Introduced

Status

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Rep. Emmer, Tom [R-MN-6], Rep. Barr, Andy [R-KY-6], Rep. Royce, Edward R. [R-CA-39], Rep. Williams, Roger [R-TX-25], Rep. Mulvaney, Mick [R-SC-5], Rep. Pittenger, Robert [R-NC-9], Rep. Tipton, Scott R. [R-CO-3], Rep. Sessions, Pete [R-TX-17], Rep. Poliquin, Bruce [R-ME-2], Rep. McHenry, Patrick T. [R-NC-10], Rep. Fincher, Stephen Lee [R-TN-8], Rep. Messer, Luke [R-IN-6], Rep. Ross, Dennis A. [R-FL-15], Rep. Garrett, Scott [R-NJ-5], Rep. Luetkemeyer, Blaine [R-MO-3], Rep. Poe, Ted [R-TX-2]

Subjects

Discovery layer

Source updated

7 April 2025

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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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 29 July 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 29 July 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 29 July 2015

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  4. 21 October 2015

    Committee

    Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

    Source: Committee

  5. 3 November 2015

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  6. 4 November 2015

    Vote

    Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 24.

    Source: Committee

  7. 4 November 2015

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  8. 23 March 2016

    Calendars

    Placed on the Union Calendar, Calendar No. 359.

    Source: Calendars

  9. 23 March 2016

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 114-473.

    Source: Committee

  10. 23 March 2016

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 114-473.

    Source: Committee

  11. 12 April 2016

    Reported

    Rules Committee Resolution H. Res. 671 Reported to House. Rule provides for consideration of H.R. 3340 and H.R. 3791. The resolution provides for consideration of H.R. 3340 and H.R. 3791.

    Source: Floor

  12. 14 April 2016

    Floor

    The resolution provides for consideration of H.R. 3340 and H.R. 3791.

    Source: Floor

  13. 14 April 2016

    Floor

    Considered under the provisions of rule H. Res. 671. (consideration: CR H1699-1710)

    Source: Floor

  14. 14 April 2016

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  15. 14 April 2016

    Vote

    On passage Passed by the Yeas and Nays: 239 - 179 (Roll no. 146). (text: CR H1699)

    Source: Floor

  16. 14 April 2016

    Vote

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 239 - 179 (Roll no. 146).(text: CR H1699)

    Source: Floor

  17. 14 April 2016

    Vote

    On motion to table the appeal of the ruling of the Chair Agreed to by the Yeas and Nays: 239 - 176 (Roll No. 145).

    Source: Floor

  18. 14 April 2016

    ResolvingDifferences

    Mr. Hensarling moved to table the motion to appeal the ruling of the chair (consideration: CR H1709)

    Source: ResolvingDifferences

  19. 14 April 2016

    Floor

    Ms. Moore appealed the ruling of the chair. The question was then put on sustaining the ruling of the chair.

    Source: Floor

  20. 14 April 2016

    ResolvingDifferences

    Mr. Hensarling raised a point of order against the motion to recommit with instructions. Mr. Hensarling stated that the amendment contained provisions not germane to the bill. Sustained by the Chair. (consideration: CR H1708)

    Source: ResolvingDifferences

  21. 14 April 2016

    Floor

    Ms. Moore moved to recommit with instructions to the Committee on Financial Services. (consideration: CR H1708; text: CR H1708)

    Source: Floor

  22. 18 April 2016

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

11 official files

Referred in Senate (text)

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  • Referred in Senate (text)

    Referred in Senate · EN · 18 April 2016

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  • Referred in Senate (PDF)

    Referred in Senate · EN · 18 April 2016

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  • Engrossed in House (text)

    Engrossed in House · EN · 14 April 2016

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 14 April 2016

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  • Passed House amended

    summary · EN · 14 April 2016

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  • Reported in House (text)

    Reported in House · EN · 23 March 2016

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  • Reported in House (PDF)

    Reported in House · EN · 23 March 2016

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  • Reported to House with amendment(s)

    summary · EN · 23 March 2016

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  • Introduced in House (text)

    Introduced in House · EN · 29 July 2015

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  • Introduced in House (PDF)

    Introduced in House · EN · 29 July 2015

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  • Introduced in House

    summary · EN · 29 July 2015

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Sponsors

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Sources

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