Dodd-Frank Act: Financial Stability Oversight Council (FSOC)

An objective of the Dodd-Frank Act is to promote the stability of the US financial system. The Financial Stability Oversight Council (FSOC) was specifically created to achieve this objective. Here we describe the role of the FSOC and its associated office, the Office of Financial Research (OFR), in promoting US financial stability. We discuss the duties and organizational structures of the FSOC and the OFR.