H.R. 6962, known as the "Financial Stability Oversight Council Reform Act," proposes placing the Financial Stability Oversight Council and the Office of Financial Research under the regular appropriations process. It requires these entities to provide quarterly reports on their activities and...
Simple Explanation
This bill wants to make the rules for two money-watching groups more like the usual ones other government groups have. It says they should tell everyone about their plans and spending more often and listen to what people think before making new rules.