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US. GOVERNMENT
INFORMATION
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                    114TH CONGRESS                                         REPORT
                       2d Session     HOUSE   OF REPRESENTATIVES           114-473







                       FINANCIAL STABILITY OVERSIGHT COUNCIL REFORM
                                                   ACT



                      MARCH 23, 2015.-Committed to the Committee of the Whole House on the State
                                      of the Union and ordered to be printed



                        Mr. HENSARLING,  from  the Committee  on Financial Services,
                                          submitted  the following


                                             REPORT

                                               together with

                                            MINORITY VIEWS

                                            [To accompany H.R. 3340]

                              [Including cost estimate of the Congressional Budget Office]

                      The  Committee  on  Financial Services, to whom  was referred the
                    bill (H.R. 3340) to place the Financial Stability Oversight Council
                    and  the Office of Financial Research under  the regular appropria-
                    tions process, to provide for certain quarterly reporting and public
                    notice and  comment   requirements  for the Office of Financial Re-
                    search, and for other purposes, having considered  the same, report
                    favorably thereon with an  amendment   and recommend   that the bill
                    as amended   do pass.
                      The  amendment   is as follows:
                      Strike all after the enacting clause and insert the following:
                    SECTION 1. SHORT TITLE.
                      This Act may be cited as the Financial Stability Oversight Council Reform Act.
                    SEC. 2. FUNDING.
                      (a) IN GENERAL.-Section 155 of the Financial Stability Act of 2010 (12 U.S.C.
                    5345) is amended-
                         (1) in subsection (b)-
                             (A) in paragraph (1), by striking be immediately available to the Office
                           and inserting be available to the Office, as provided for in appropriation
                           Acts;
                             (B) by striking paragraph (2); and
                             (C) by redesignating paragraph (3) as paragraph (2); and
                         (2) in subsection (d), by amending the heading to read as follows: ASSESS-
                       MENT SCHEDULE.-.
                       59-006

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