S 4889 · 117th Congress

Federal Reserve Loss Transparency Act

<p><b>Federal Reserve Loss Transparency Act </b></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 the bo…

Sponsor

Hagerty, Bill (R-TN)

Introduced

2022-09-20

Policy area

Finance and Financial Sector

Latest action

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