H.R.3738 - Office of Financial Research Accountability Act of 2015114th Congress (2015-2016)
|Sponsor:||Rep. Royce, Edward R. [R-CA-39] (Introduced 10/09/2015)|
|Committees:||House - Financial Services|
|Committee Reports:||H. Rept. 114-608|
|Latest Action:||06/08/2016 Placed on the Union Calendar, Calendar No. 473. (All Actions)|
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Summary: H.R.3738 — 114th Congress (2015-2016)All Bill Information (Except Text)
Reported to House without amendment (06/08/2016)
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
Office of Financial Research Accountability Act of 2015
(Sec. 2) This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to require the Office of Financial Research within the Department of the Treasury to publish annually a detailed work plan of the Office priorities for the upcoming fiscal year, including a detailed description of the progress made by primary financial regulatory agencies in adopting a unique alphanumeric system ("Legal Entity Identifier") to identify legally distinct entities that engage in financial transactions, as well as a list of regulations requiring the use of such a system and actions taken to ensure its adoption by those agencies.
The bill requires the Office to develop and implement a cybersecurity plan using adequate safeguards to protect the integrity and confidentiality of the data in Office possession.