S. 3005: National Institute of Finance Act of 2010

111th Congress · introduced 2010-02-04 · Finance and Financial Sector · Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S497-500)

federal

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Where it came from: introduced 2010-02-04 · official record
Who proposed it: Sen. Reed, Jack [D-RI] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S497-500) Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

National Institute of Finance Act of 2010

Plain summary

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.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

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A “Nay” vote

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What does this mean? (plain words)

Official text

National Institute of Finance Act of 2010

Source: Congressional Research Service summary (Introduced in Senate)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Reed, Jack [D-RI] · 0 cosponsors

Cost estimate: No cost estimate published yet.

Sponsor's campaign money: Sen. Reed, Jack [D-RI] reported raising $3.7 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-111s3005.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/111/s>

Record fed-us-cong111-s3005 · catalog fed-us-congress-bills-cong111 · updated 2026-11-15 by psicol fed-bills-cong111