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H.R. 5993 118th Congress House

Federal Reserve Loss Transparency Act

Official title: To amend the Consumer Financial Protection Act of 2010 to clarify the funding of the Bureau of Consumer Financial Protection, and for other purposes.

Introduced: October 19, 2023 Introduced by: J. French Hill Republican · Arkansas See on congress.gov
Finance and Financial Sector
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Oct 25, 2023
Referred to the House Committee on Financial Services.
Oct 19, 2023
Introduced in House
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 Latest action October 25, 2023

Referred to the House Committee on Financial Services.

 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
  • HR 8918 Reintroduction of Federal Reserve Loss Transparency Act
  • S 3095 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). H.R. 5993: Federal Reserve Loss Transparency Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-5993/
MLA
"H.R. 5993: Federal Reserve Loss Transparency Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-5993/.
Bluebook (legal)
H.R. 5993, 118th Cong. (2026), https://openamerica.io/bill/118-HR-5993/.
Markdown link
[H.R. 5993: Federal Reserve Loss Transparency Act](https://openamerica.io/bill/118-HR-5993/)
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