Bill to Amend OFR Operations Introduced in the House of Representatives

A bill was introduced in the House of Representatives that would amend the Dodd-Frank Act to "improve the transparency, accountability, governance and operations" of the Office of Financial Research ("OFR"). According to a SIFMA statement about the legislation, the bill would, inter alia, require annual updates by the OFR on financial regulators' progress in adopting the Legal Entity Identifier.