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National Institute of Finance Act of 2010

Senator John Reed (D-RI) introduced a bill, The National Institute of Finance Act of 2010, that if enacted would create an independent research institute called, the "National Institute of Finance," and be charged with collecting and standardizing research and data on financial entities and their activities.  The proposed institute would also monitor and analyze financial market data in support of the Fed, SEC, CFTC, FDIC and other federal financial regulatory agencies, including the proposed Consumer Financial Products Commission.

According to the bill syllabus:

A BILL To create an independent research institute, to be known as the "National Institute of Finance", that will oversee the collection and standardization of data on financial entities and activities, and conduct monitoring and other research and analytical activities to support the work of the Federal financial regulatory agencies and the Congress.


The bill was referred to Senate Banking, Housing, and Urban Affairs on February 4, 2010.

The bill may be tracked via Govtrack.us at: http://www.govtrack.us/congress/bill.xpd?bill=s111-3005

The full text of the bill as referred to committee is available at:  http://www.ce-nif.org/images/docs/the_national_institute_of_finance_act_of_2010.pdf