H.R. 3340Financial Stability Oversight Council Reform Act

2 recorded actions125 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Tom Emmer [R-MN-06]
Cosponsors: 15 · 15 Republicans
Policy area: Finance and Financial Sector
Committees: Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Latest action: Apr 18, 2016 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

IntroducedJul 29, 2015
Passed the HouseApr 14, 2016
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS 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.

(Sec. 2) 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.

(Sec. 3) The OFR must submit quarterly reports to Congress regarding its:

finances;

workforce; and
actions taken to achieve the goals, objectives, and performance measures of the office.

(Sec. 4) The OFR must provide a public notice and comment period of at least 90 days before issuing any proposed report, rule, or regulation.

(Sec. 5) The bill expands the duties of the OFR to include:

publishing an annual work plan;

consulting with other federal departments and agencies with relevant expertise prior to preparing any public report with respect to a specified entity, class of entities, or financial product or service; and
developing and implementing a cybersecurity plan.

The Government Accountability Office must annually audit the cybersecurity plan and its implementation.

Written by the nonpartisan Congressional Research Service, describing H.R. 3340 as passed House amended on Apr 14, 2016. It is not the text of the measure; a later amendment may have changed what it does.

Roll calls on H.R. 33402 roll calls on this measure

Choose a roll call

Apr 14, 2016Each bar: ✓ Yea from the bottom, ✕ Nay aboveApr 14, 2016

How every member votedHouse roll call 146

House Apr 14, 2016 · the primary vote

On Passage

Financial Stability Oversight Council Reform Act

Passed

239 Yea 179 Nay 15 not voting

Party-line vote 2 of 418 voting members broke with their own party: 1 Democrat, 1 Republican.

Open the official roll call

How the chamber split

One dot per member. Select a seat or a bar to filter the list.

DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

By party select a segment to filter

All members433 members

Democratic188 members

Republican245 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors15 · 15 Republicans

Signing on is not a vote: a member can cosponsor H.R. 3340 and vote against it. 0 signed when it was filed.

Loading the public record

Who lobbied on H.R. 334012 organizations

Organizations that named H.R. 3340 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.

AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATIONfiled by AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICAIts PAC: American Property Casualty Insurance Association PAC

Intelligence · Medicare/Medicaid · Trade (domestic/foreign) · Financial Institutions/Investments/Securities +10 more7 filings · 4th Quarter (Oct 1 - Dec 31) 2016Filing

AMERICAN FAMILY MUTUAL INSURANCE COMPANY, S.I.Its PAC: American Family Mutual Insurance Co., S.I. Federal PAC

Disaster Planning/Emergencies · Financial Institutions/Investments/Securities · Taxation/Internal Revenue Code · Copyright/Patent/Trademark +5 more6 filings · 4th Quarter (Oct 1 - Dec 31) 2016Filing

CHAMBER OF COMMERCE OF THE U.S.A.

Financial Institutions/Investments/Securities · Foreign Relations · Chemicals/Chemical Industry · Government Issues +36 more5 filings · 4th Quarter (Oct 1 - Dec 31) 2016Filing

SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATIONIts PAC: Securities Industry & Financial Markets Association PAC

Financial Institutions/Investments/Securities · Banking · Commodities (big ticket) · Taxation/Internal Revenue Code +1 more5 filings · 4th Quarter (Oct 1 - Dec 31) 2016Filing

TRANSAMERICA COMPANIES

Financial Institutions/Investments/Securities · Taxation/Internal Revenue Code · Retirement · Insurance +1 more5 filings · 4th Quarter (Oct 1 - Dec 31) 2016Filing

AMERICAN COUNCIL OF LIFE INSURERSIts PAC: American Council of Life Insurers PAC

Trade (domestic/foreign) · Financial Institutions/Investments/Securities · Taxation/Internal Revenue Code · Retirement +2 more4 filings · 4th Quarter (Oct 1 - Dec 31) 2016Filing

NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIESIts PAC: National Association of Mutual Insurance Companies PAC

Trade (domestic/foreign) · Copyright/Patent/Trademark · Torts · Automotive Industry +8 more4 filings · 4th Quarter (Oct 1 - Dec 31) 2016Filing

THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANYIts PAC: The Northwestern Mutual Life Insurance Co. PAC

Financial Institutions/Investments/Securities · Taxation/Internal Revenue Code · Retirement · Insurance +1 more4 filings · 4th Quarter (Oct 1 - Dec 31) 2016Filing

BANK POLICY INSTITUTEIts PAC: Bank Policy Institute PAC

Disaster Planning/Emergencies · Insurance · Trade (domestic/foreign) · Financial Institutions/Investments/Securities +8 more3 filings · 4th Quarter (Oct 1 - Dec 31) 2016Filing

LEADERSHIP CONFERENCE ON CIVIL AND HUMAN RIGHTS

Telecommunications · Civil Rights/Civil Liberties · Transportation · Housing +8 more3 filings · 4th Quarter (Oct 1 - Dec 31) 2016Filing

48 disclosures name this measure. Retrieved from LDA.gov on 2026-10-05. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.