,,ib  ,union ,calendar ,no4 #cei  #aadth
 ,,congress  #b;d ,session  ,h4 ,r4     
#ccdj  ,report ,no4 #aad-dgc  ,,in ,,the
 ,,house ,,of ,,representatives  ,july  
#bi1 #bjae ,mr4 ,emmer of ,minnesota    
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,march #bc1 #bjaf 
,additional sponsors3 ,mr4 ,barr1 ,mr4  
,royce1 ,mr4 ,williams1 ,mr4 ,mulvaney1 
,mr4 ,pittenger1 ,mr4 ,tipton1 ,mr4     
,sessions1 ,mr4 ,poliquin1 ,mr4         
,mc,henry1 ,mr4 ,fincher1 ,mr4 ,messer1 
,mr4 ,ross1 ,mr4 ,garrett1 ,mr4         
,luetkemeyer1 and ,mr4 ,poe of ,texas   
,march #bc1 #bjaf ,reported with an     
amendment1 committed to the ,committee  
of the ,whole ,house on the ,state of   
the ,union1 and ordered to be printed   
,strike out all after the enacting      
clause and insert the part printed in   
italic ,for text of introduced bill1 see
 copy of bill as introduced on ,july    
#bi1 #bjae  ,a ,,bill  ,to place the    
,financial ,stability ,oversight        

,council and the ,office of ,financial  
,research under the regular             
appropriations process1 to provide for  
certain quarterly reporting and public  
notice and comment requirements for the 
,office of ,financial ,research1 and for
 other purposes4  #a4 ,short title ,this
 ,act may be cited as the ,financial    
,stability ,oversight ,council ,reform  
,act4  #b4 ,funding  7a7 ,in general    
,section #aee of the ,financial         
,stability ,act of #bjaj 7#ab ,u4,s4,c4 
#ecde7 is amended--  7#a7 in subsection 
7b7-- 7,a7 in paragraph 7#a71 by        
striking be immediately available to the
 ,office and inserting be available to  
the ,office1 as provided for in         
appropriation ,acts2  7,b7 by striking  
paragraph 7#b72 and  7,c7 by            
redesignating paragraph 7#c7 as         
paragraph 7#b72 and  7#b7 in subsection 
7d71 by amending the heading to read as 
follows3 ,assessment schedule4--4  7b7  
,effective date ,the amendments made by 
this section shall take effect on       

,october #a1 #bjaf4  #c4 ,quarterly     
reporting ,section #aec of the          
,financial ,stability ,act of #bjaj 7#ab
 ,u4,s4,c4 #ecdc7 is amended by adding  
at the end the following3  7g7          
,quarterly reporting  7#a7 ,in general  
,not later than #fj days after the end  
of each quarter1 the ,office shall      
submit reports on the ,office's         
activities to the ,committees on        
,appropriations of the ,house of        
,representatives and the ,senate1 the   
,committee on ,financial ,services of   
the ,house of ,representatives1 and the 
,committee on ,banking1 ,housing1 and   
,urban ,affairs of the ,senate4  7#b7   
,contents ,the reports required under   
paragraph 7#a7 shall include-- 7,a7 the 
obligations made during the previous    
quarter by object class1 office1 and    
activity2  7,b7 the estimated           
obligations for the remainder of the    
fiscal year by object class1 office1 and
 activity2  7,c7 the number of full-time
 equivalents within the ,office during  

the previous quarter2  7,d7 the         
estimated number of full-time           
equivalents within each office for the  
remainder of the fiscal year2 and  7,e7 
actions taken to achieve the goals1     
objectives1 and performance measures of 
the ,office4  7#c7 ,testimony ,at the   
request of any committee specified under
 paragraph 7#a71 the ,office shall make 
officials available to testify on the   
contents of the reports required under  
paragraph 7#a74  4  #d4 ,public notice  
and comment period ,section #aec7;c7 of 
the ,financial ,stability ,act of #bjaj 
7#ab ,u4,s4,c4 #ecdc7;c77 is amended by 
adding at the end the following3  7#c7  
,public notice and comment period ,the  
,office shall provide for a public      
notice and comment period of not less   
than #ij days before issuing any        
proposed report1 rule1 or regulation4   
7#d7 ,additional report requirements    
7,a7 ,in general ,except as provided    
under paragraph 7#c71 the requirements  
under section #eec of title #e1 ,united 

,states ,code1 shall apply to a proposed
 report of the ,office to the same      
extent as such requirements apply to a  
proposed rule of the ,office4  7,b7     
,exception for certain reports ,this    
paragraph and paragraph 7#c7 shall not  
apply to a report required under        
subsection 7g77#a7 or section           
#aed7;d77#a74  4  ,march #bc1 #bjaf     
,reported with an amendment1 committed  
to the ,committee of the ,whole ,house  
on the ,state of the ,union1 and ordered
 to be printed