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S. 3005 111th Congress Senate

National Institute of Finance Act of 2010

Official title: 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… Show full official titleShow less

Official title: 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.

Introduced: February 4, 2010 Introduced by: Jack Reed Democratic · Rhode Island See on congress.gov
Finance and Financial Sector Banking and financial institutions regulationExecutive agency funding and structureFinancial services and investmentsGovernment information and archivesSecurities
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 4, 2010
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S497-500)
Feb 4, 2010
Sponsor introductory remarks on measure. (CR S496)
Feb 4, 2010
Introduced in Senate
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 Latest action February 4, 2010

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S497-500)

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3005: National Institute of Finance Act of 2010. 111th Congress. Open America. https://openamerica.io/bill/111-S-3005/
MLA
"S. 3005: National Institute of Finance Act of 2010." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-3005/.
Bluebook (legal)
S. 3005, 111th Cong. (2026), https://openamerica.io/bill/111-S-3005/.
Markdown link
[S. 3005: National Institute of Finance Act of 2010](https://openamerica.io/bill/111-S-3005/)
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