HR 5993 · 118th Congress · Finance and Financial Sector

Federal Reserve Loss Transparency Act

Introduced 2023-10-19· Sponsored by Rep. Hill, J. French [R-AR-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2023-10-25)

Plain Language Summary

[AI summary unavailable — showing source text] 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.  …

Summarized by Claude AI · Non-partisan · For informational purposes only