Bill117th CongressFiled Sep 20, 2022Finance and Financial Sector
S. 4889
Federal Reserve Loss Transparency Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Sep 20, 2022)
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 just happenedSep 20, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
Sen. Hagerty, Bill [R-TN](R-TN)Sponsor
1committees2actions1related bills
- Introduced in SenateSep 20, 2022
- Sep 20, 2022IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Sep 20, 2022IntroReferral10000
Introduced in Senate