1. Short title This Act may be cited as the Enhancing Financial Stability Research and Oversight Act . 2. Preserving independent funding The Financial Stability Act of 2010 ( 12 U.S.C. 5311 et seq.) is amended— (1) in section 152— (A) by amending subsection (c) to read as follows: (c) Budget (1) In general The Director shall have sole discretion to establish the annual budget of the Office. (2) Minimum funding level of the budget The annual budget of the Office in any given fiscal year shall not be less than $104,770,000. (3) Adjustment of minimum funding level The dollar amount referred to in paragraph (2) shall be adjusted annually by the Director, using the percent increase, if any, in the employment cost index for total compensation for State and local government workers published by the Federal Government, or the successor index thereto, for the 12-month period ending September 30 of the year preceding the annual budget. (4) Minimum staffing level The Director shall ensure that the Office has not less than 255 full-time equivalent positions. ; and (B) in subsection (d), by striking , in consultation with the Chairperson, each place such term appears; (C) in subsection (h), by striking , in consultation with the Chairperson, ; and (D) in subsection (i), by striking , in consultation with the Chairperson, ; (2) in section 155— (A) in subsection (d), by inserting before the period the following: , as determined in the sole discretion of the Director