Introduced:
Jul 29, 2025
Policy Area:
Finance and Financial Sector
Congress.gov:
Bill Statistics
3
Actions
0
Cosponsors
0
Summaries
1
Subjects
1
Text Versions
Yes
Full Text
AI Summary
AI Summary
No AI Summary Available
Click the button above to generate an AI-powered summary of this bill using Claude.
The summary will analyze the bill's key provisions, impact, and implementation details.
Error generating summary
Latest Action
Jul 29, 2025
Referred to the House Committee on Financial Services.
Actions (3)
Referred to the House Committee on Financial Services.
Type: IntroReferral
| Source: House floor actions
| Code: H11100
Jul 29, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: Intro-H
Jul 29, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: 1000
Jul 29, 2025
Subjects (1)
Finance and Financial Sector
(Policy Area)
Full Bill Text
Length: 1,304 characters
Version: Introduced in House
Version Date: Jul 29, 2025
Last Updated: Nov 15, 2025 2:22 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4789 Introduced in House
(IH) ]
<DOC>
119th CONGRESS
1st Session
H. R. 4789
To amend the Federal Reserve Act to strike a provision relating to
earnings on balances, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
July 29, 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 strike a provision relating to
earnings on balances, and for other purposes.
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. 4789 Introduced in House
(IH) ]
<DOC>
119th CONGRESS
1st Session
H. R. 4789
To amend the Federal Reserve Act to strike a provision relating to
earnings on balances, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
July 29, 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 strike a provision relating to
earnings on balances, and for other purposes.
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 ``Fiscal Accountability for Interest
on Reserves Act'' or the ``FAIR Act''.
SEC. 2.
(a) In General.--
Section 19
(b) of the Federal Reserve Act (12
U.
(b) of the Federal Reserve Act (12
U.S.C. 461
(b) ) is amended by striking paragraph
(12) .
(b) Effective Date.--The amendment made by subsection
(a) shall
take effect on the date that is 180 days after the date of enactment of
this Act.
<all>