The Government Accountability Office (GAO), the U.S. legislative agency that monitors and audits government spending and operations, is conducting an assessment of how financial regulators monitor and oversee risks to banking institutions and financial stability from leveraged lending. Importantly, the GAO is trying to determine what actions the Financial Stability Oversight Council (FSOC), the Office of Financial Research (OFR), the Federal Reserve, and the Office of the Comptroller of the Currency (OCC) have taken to identify and mitigate potential risks to financial stability posed by leveraged lending.