US Congress Senate Bill 3005 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 4 2010 - 25% progression, died in chamber
Action: 2010-02-04 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S497-500)
Text: Latest bill text (Introduced) [PDF]

National Institute of Finance Act of 2010 - Establishes an independent National Institute of Finance (NIF) to support the federal financial regulatory agencies, including any systemic risk council or agency established by Congress, by: (1) collecting and providing data; (2) standardizing the types and formats of data reported and collected; (3) performing applied research and essential long-term research; (4) developing tools for risk measurement and monitoring; and (5) making the results of its activities available to financial regulatory agencies. Requires the NIF Director to be appointed by the President, by and with the advice and consent of the Senate, and the NIF to be funded through assessments on the financial entities required to report data to it. States that the Institute shall implement its programmatic responsibilities through: (1) the Federal Financial Data Center; and (2) the Federal Financial Research and Analysis Center.

National Institute of Finance Act of 2010

Sen. Jack Reed [D-RI]

Date	Chamber	Action
2010-02-04		Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S497-500)
2010-02-04		Sponsor introductory remarks on measure. (CR S496)

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/senate-bill/3005/all-info
Text	https://www.congress.gov/111/bills/s3005/BILLS-111s3005is.pdf