Introduced:
Jun 18, 2025
Policy Area:
Finance and Financial Sector
Congress.gov:
Bill Statistics
2
Actions
1
Cosponsors
0
Summaries
1
Subjects
1
Text Versions
Yes
Full Text
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Latest Action
Jun 18, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Actions (2)
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Type: IntroReferral
| Source: Senate
Jun 18, 2025
Introduced in Senate
Type: IntroReferral
| Source: Library of Congress
| Code: 10000
Jun 18, 2025
Subjects (1)
Finance and Financial Sector
(Policy Area)
Cosponsors (1)
(I-VT)
Jul 21, 2025
Jul 21, 2025
Full Bill Text
Length: 1,400 characters
Version: Introduced in Senate
Version Date: Jun 18, 2025
Last Updated: Nov 14, 2025 6:17 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2113 Introduced in Senate
(IS) ]
<DOC>
119th CONGRESS
1st Session
S. 2113
To amend the Federal Reserve Act to prohibit earnings on balances
maintained at a Federal Reserve bank by or on behalf of a depository
institution.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
June 18, 2025
Mr. Paul introduced the following bill; which was read twice and
referred to the Committee on Banking, Housing, and Urban Affairs
_______________________________________________________________________
A BILL
To amend the Federal Reserve Act to prohibit earnings on balances
maintained at a Federal Reserve bank by or on behalf of a depository
institution.
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]
[S. 2113 Introduced in Senate
(IS) ]
<DOC>
119th CONGRESS
1st Session
S. 2113
To amend the Federal Reserve Act to prohibit earnings on balances
maintained at a Federal Reserve bank by or on behalf of a depository
institution.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
June 18, 2025
Mr. Paul introduced the following bill; which was read twice and
referred to the Committee on Banking, Housing, and Urban Affairs
_______________________________________________________________________
A BILL
To amend the Federal Reserve Act to prohibit earnings on balances
maintained at a Federal Reserve bank by or on behalf of a depository
institution.
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 ``End the Fed's Big Bank Bailout
Act''.
SEC. 2.
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) and inserting the following:
``
(12) Earnings on balances.--No Federal Reserve bank may
pay earnings on balances maintained at a Federal Reserve bank
by or on behalf of a depository institution.''.
<all>