H.R. 5993 · 118th Congress
Federal Reserve Loss Transparency Act
- Stage
- In committee
- Sponsor
- J. Hill
- Introduced
- 2023-10-19
- Latest action
- 2023-10-25 · Referred to the House Committee on Financial Services.
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.