On March 15th, 2010, Senator Dodd of Connecticut introduced proposed legislation for financial reform into the Senate Banking Committee. Debate on the bill within the full Senate began on April 29th. This bill contains a proposal to create the Office of Financial Research (OFR) within the U.S. Treasury. The proposed OFR mirrors closely the National Institute of Finance (NIF) proposal that the CE-NIF has been advancing for many months, and which proposal was earlier embodied in Senator Reed's bill of Feb. 4th. The CE-NIF strongly supports the OFR proposal contained in Senator Dodd's bill.