S 3095 · 118th Congress · Finance and Financial Sector

Federal Reserve Loss Transparency Act

Introduced 2023-10-19· Sponsored by Sen. Hagerty, Bill [R-TN]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2023-10-19)

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

Cosponsors (1)

1 Republican
Sen. Britt, Katie Boyd [R-AL]AL