Saved by the Byrd? The fight over the OFR’s future
Dodd-Frank made it the premier data-grabber, and the financial world doesn’t like it
The US Treasury Department’s Office of Financial Research (OFR) found itself on the wrong end of a political firing squad for a few weeks in May and June.
The version of the mammoth budget bill that passed the US House of Representatives on May 22 would have zeroed out the OFR’s funding, consigning it to the scrap heap of government agencies that have been wiped out by the Trump administration.
It
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