; and (2) in section 3(a)— (A) by redesignating the second paragraph (80) (relating to funding portals) as paragraph (81); and (B) by adding at the end the following: (82) Chief economist The term Chief Economist means the Director of the Division of Economic and Risk Analysis, or an employee of the Commission with comparable authority, as determined by the Commission. . VIII Financial Stability Oversight Council Improvement Act 922. SIFI designation process Section 113 of the Financial Stability Act of 2010 ( 12 U.S.C. 5323 ) is amended— (1) in subsection (a)(2)— (A) in subparagraph (J), by striking and at the end; (B) by redesignating subparagraph (K) as subparagraph (L); and (C) by inserting after subparagraph (J) the following: (K) the appropriateness of the imposition of prudential standards as opposed to other forms of regulation to mitigate the identified risks; and ; (2) in subsection (b)(2)— (A) in subparagraph (J), by striking and at the end; (B) by redesignating subparagraph (K) as subparagraph (L); (C) by inserting after subparagraph (J) the following: (K) the appropriateness of the imposition of prudential standards as opposed to other forms of regulation to mitigate the identified risks; and