HR 5993 · 118th Congress

Federal Reserve Loss Transparency Act

<p><strong>Federal Reserve Loss Transparency Act</strong></p><p>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…

Sponsor

Hill, J. French (R-AR)

Introduced

2023-10-19

Policy area

Finance and Financial Sector

Latest action

Referred to the House Committee on Financial Services.