S 4889
117th Congress
Senate
Finance and Financial Sector
Federal Reserve Loss Transparency Act
Introduced: September 20, 2022
Introduced by:
Hagerty, Bill
Republican
· Tennessee
See on congress.gov
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
Plain-English 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.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1