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    <number>5993</number>
    <updateDate>2025-05-27T14:12:00Z</updateDate>
    <updateDateIncludingText>2025-05-27T14:12:00Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2023-10-19</introducedDate>
    <congress>118</congress>
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      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 169, Number 172 (Thursday, October 19, 2023)][House][Pages H5032-H5033]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. HILL:H.R. 5993.Congress has the power to enact this legislation pursuantto the following:Article 1 Section 8 of the U.S. ConstitutionThe single subject of this legislation is:To amend the Consumer Financial Protection Act of 2010 toclarify the funding of the[[Page H5033]]Bureau of Consumer Financial Protection, and for otherpurposes.&lt;/pre&gt;</constitutionalAuthorityStatementText>
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            <date>2023-10-25T21:29:07Z</date>
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        <title>Federal Reserve Loss Transparency Act</title>
        <congress>118</congress>
        <number>3095</number>
        <type>S</type>
        <latestAction>
          <actionDate>2023-10-19</actionDate>
          <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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        <actionDate>2023-10-25</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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    <sponsors>
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        <bioguideId>H001072</bioguideId>
        <fullName>Rep. Hill, J. French [R-AR-2]</fullName>
        <firstName>J.</firstName>
        <lastName>Hill</lastName>
        <party>R</party>
        <state>AR</state>
        <middleName>French</middleName>
        <district>2</district>
        <isByRequest>N</isByRequest>
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      <name>Finance and Financial Sector</name>
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      <policyArea>
        <name>Finance and Financial Sector</name>
        <updateDate>2023-11-13T16:00:52Z</updateDate>
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        <actionDate>2023-10-19</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2024-06-07T13:02:58Z</updateDate>
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          <text>&lt;p&gt;&lt;strong&gt;Federal Reserve Loss Transparency Act&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;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. &amp;nbsp;&lt;/p&gt;&lt;!--tinycomments|2.1|data:application/json;base64,eyJtY2UtY29udmVyc2F0aW9uXzYxNzAyODg3MzE3MTQ2NzQwMTY5MDkiOnsidWlkIjoibWNlLWNvbnZlcnNhdGlvbl82MTcwMjg4NzMxNzE0Njc0MDE2OTA5IiwiY29tbWVudHMiOlt7InVpZCI6Im1jZS1jb252ZXJzYXRpb25fNjE3MDI4ODczMTcxNDY3NDAxNjkwOSIsImF1dGhvciI6ImFyZWVkQGxpYi5sb2MuZ292IiwiYXV0aG9yTmFtZSI6ImFyZWVkQGxpYi5sb2MuZ292IiwiY29udGVudCI6IkNvcGllZCBmcm9tIDExNyBIODkxOC0gZm9yZ290IHRvIGNvcHkgb3ZlciBpbiB0aGUgd29ya2Zsb3cuIE5vIGNoYW5nZXMuIiwiY3JlYXRlZEF0IjoiMjAyNC0wNS0wMlQxODoyMDoxNi45MDlaIiwibW9kaWZpZWRBdCI6IjIwMjQtMDUtMDJUMTg6MjA6MTYuOTA5WiJ9XX19--&gt;</text>
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    <title>Federal Reserve Loss Transparency Act</title>
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        <title>Federal Reserve Loss Transparency Act</title>
        <updateDate>2024-07-24T15:19:59Z</updateDate>
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        <titleType>Short Title(s) as Introduced</titleType>
        <titleTypeCode>101</titleTypeCode>
        <title>Federal Reserve Loss Transparency Act</title>
        <updateDate>2024-05-24T13:35:40Z</updateDate>
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      <item>
        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <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.</title>
        <updateDate>2024-03-18T21:38:32Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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        <type>Introduced in House</type>
        <date>2023-10-25T04:00:00Z</date>
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    <latestAction>
      <actionDate>2023-10-25</actionDate>
      <text>Referred to the House Committee on Financial Services.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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