US HB7132

Establishes a minimum annual budget of $124,627,000 for the Office of Financial Research (OFR) and requires minimum staffing of 231 full-time equivalent positions

Grants the OFR Director sole discretion over the Office's annual budget, removing requirements to consult with the Chairperson on budget, staffing, and compensation decisions

Requires the Financial Stability Oversight Council (FSOC) to maintain at least 48 full-time equivalent positions, excluding detailed employees

Mandates annual transfers of at least $15,287,000 from OFR to FSOC for staffing and expenses, including the independent member's office

Exempts OFR funding from review by House and Senate Appropriations Committees and adjusts minimum funding levels annually based on the employment cost index for state and local government workers