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S. 4889 117th Congress Senate

Federal Reserve Loss Transparency Act

Official title: A bill to amend the Consumer Financial Protection Act of 2010 to clarify the funding of the Bureau of Consumer Financial Protection.

Introduced: September 20, 2022 Introduced by: Bill Hagerty Republican · Tennessee See on congress.gov
Finance and Financial Sector
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 20, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 20, 2022
Introduced in Senate
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 Latest action September 20, 2022

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

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 2
  • S 3095 Reintroduced Bill Federal Reserve Loss Transparency Act
  • HR 8918 Federal Reserve Loss Transparency Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 4889: Federal Reserve Loss Transparency Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-4889/
MLA
"S. 4889: Federal Reserve Loss Transparency Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-4889/.
Bluebook (legal)
S. 4889, 117th Cong. (2026), https://openamerica.io/bill/117-S-4889/.
Markdown link
[S. 4889: Federal Reserve Loss Transparency Act](https://openamerica.io/bill/117-S-4889/)
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