118th Congress · SENATE BILLBILL

S. 3095 — Federal Reserve Loss Transparency Act

“A bill to amend the Consumer Financial Protection Act of 2010 to clarify the funding of the Bureau of Consumer Financial Protection.”

Finance and financial sector

Introduced Oct 19, 2023

Last action Oct 19, 2023

Pipeline · Bill → Law

Step 1

Introduced

Oct 19, 2023

Step 2

Referred

Oct 19, 2023

Banking, Housing, and Urban Affairs

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 3 sectionsIntroduced in Senate

Timeline · 2 actions

Oct 19, 2023

Introduced in Senate

Oct 19, 2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.