Federal Reserve Loss Transparency Act

United States117th CongressS-4889Senate
Updated: Sep 20, 2022

Summary

Federal Reserve Loss Transparency Act This bill prohibits transfers to the Consumer Financial Protection Bureau from the Board of Governors of the Federal Reserve System if Federal Reserve banks incur specified quarterly operating losses. The bureau is directly funded through transfers from the board.

Bill texts

Available versions
Introduced (Senate)View official text

1 version available

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Timeline

Latest companion bill action

HR-8918: Federal Reserve Loss Transparency Act

Referred to the House Committee on Financial Services.

  1. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Senate

  2. Introduced in Senate

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