Introduced:
Jan 3, 2025
Policy Area:
Finance and Financial Sector
Congress.gov:
Bill Statistics
3
Actions
0
Cosponsors
1
Summaries
5
Subjects
1
Text Versions
Yes
Full Text
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Latest Action
Jan 3, 2025
Referred to the House Committee on Financial Services.
Summaries (1)
Introduced in House
- Jan 3, 2025
00
<p><strong>Prohibition on IOER Act of 2025</strong></p><p>This bill prohibits a Federal Reserve bank from paying interest to a depository institution on reserve balances in excess of minimum requirements. </p>
Actions (3)
Referred to the House Committee on Financial Services.
Type: IntroReferral
| Source: House floor actions
| Code: H11100
Jan 3, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: Intro-H
Jan 3, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: 1000
Jan 3, 2025
Subjects (5)
Banking and financial institutions regulation
Federal Reserve System
Finance and Financial Sector
(Policy Area)
Financial services and investments
Interest, dividends, interest rates
Full Bill Text
Length: 1,777 characters
Version: Introduced in House
Version Date: Jan 3, 2025
Last Updated: Nov 14, 2025 6:15 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 146 Introduced in House
(IH) ]
<DOC>
119th CONGRESS
1st Session
H. R. 146
To amend the Federal Reserve Act to prohibit Federal reserve banks from
paying interest on excess reserves.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 3, 2025
Mr. Davidson introduced the following bill; which was referred to the
Committee on Financial Services
_______________________________________________________________________
A BILL
To amend the Federal Reserve Act to prohibit Federal reserve banks from
paying interest on excess reserves.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
[From the U.S. Government Publishing Office]
[H.R. 146 Introduced in House
(IH) ]
<DOC>
119th CONGRESS
1st Session
H. R. 146
To amend the Federal Reserve Act to prohibit Federal reserve banks from
paying interest on excess reserves.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 3, 2025
Mr. Davidson introduced the following bill; which was referred to the
Committee on Financial Services
_______________________________________________________________________
A BILL
To amend the Federal Reserve Act to prohibit Federal reserve banks from
paying interest on excess reserves.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.
This Act may be cited as the ``Prohibition on IOER Act of 2025''.
SEC. 2.
Section 19
(b)
(12) of the Federal Reserve Act (12 U.
(b)
(12) of the Federal Reserve Act (12 U.S.C. 461
(b)
(12) )
is amended--
(1) in the heading, by inserting ``required reserve''
before ``balances'';
(2) in subparagraph
(A) , by inserting after ``Balances''
the following: ``of reserves required to be maintained by a
depository institution under paragraph
(2) that are'';
(3) by redesignating subparagraph
(C) as subparagraph
(D) ;
and
(4) by inserting after subparagraph
(B) the following:
``
(C) Prohibition on other earnings.--A Federal
reserve bank may not pay earnings on balances
maintained at a Federal reserve bank by or on behalf of
a depository institution except as provided under this
paragraph.''.
<all>