,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #chga  ,,in ,,the ,,house ,,of  
,,representatives  ,july #bb1 #bjai,mr4 
,foster introduced the following bill2  
which was referred to the ,committee on 
,financial ,services  ,a ,,bill  ,to    
amend the ,financial ,stability ,act of 
#bjaj to preserve the independent       
funding of the ,office of ,financial    
,research4  #a4 ,short title ,this ,act 
may be cited as the ,protecting the     
,independent ,funding of the ,office of 
,financial ,research ,act4  #b4         
,preserving independent funding ,the    
,financial ,stability ,act of #bjaj 7#ab
 ,u4,s4,c4 #ecaa et seq47 is amended--  
7#a7 in section #aeb-- 7,a7 by amending 
subsection 7c7 to read as follows3  7c7 
,budget  7#a7 ,in general ,the ,director
 shall have sole discretion to establish
 the annual budget of the ,office4  7#b7
 ,minimum ,funding ,level of the ,budget
 ,the annual budget of the ,office in   
any given fiscal year shall not be less 
than a dollar amount equal to the budget

 of the ,office in fiscal year #bjag4   
7#c7 ,adjustment of ,minimum ,funding   
,level ,the dollar amount referred to in
 paragraph 7#b7 shall be adjusted       
annually by the ,director1 using the    
percent increase1 if any1 in the        
employment cost index for total         
compensation for ,state and local       
government workers published by the     
,federal ,government1 or the successor  
index thereto1 for the #ab-month period 
ending ,september #cj of the year       
preceding the annual budget4  2  7,b7 in
 subsection 7d71 by striking 1 in       
consultation with the ,chairperson1 each
 place such term appears2  7,c7 in      
subsection 7h71 by striking 1 in        
consultation with the ,chairperson12 and
  7,d7 in subsection 7i71 by striking 1 
in consultation with the ,chairperson12 
7#b7 in section #aee--  7,a7 in         
subsection 7d71 by inserting before the 
period the following3 1 as determined in
 the sole discretion of the ,director2  
and  7,b7 by adding at the end the      

following3  7e7 ,reviewability          
,notwithstanding any other provision of 
this subtitle1 the funding pursuant to  
subsection 7d7 shall not be subject to  
review by the ,committees on            
,appropriations of the ,house of        
,representatives and the ,senate4  7f7  
,preservation of the ,office of         
,financial ,research's independence     
,nothing in this section shall authorize
 the ,secretary to influence the budget 
or the number or compensation of        
employees of the ,office4  4