The main purpose of this legislation is to strengthen the financial oversight capabilities of the U.S. government by ensuring that the Office of Financial Research (OFR) has stable funding and adequate staffing. This is aimed at enhancing the ability of the Financial Stability Oversight Council (FSOC) to monitor and mitigate risks to the financial system. Key provisions of the legislation include establishing a minimum budget for the OFR, which must be at least 24.6 million each year, with adjustments based on employment cost increases.