Proposed
Bill · 119th Congress · S 2113
End the Fed’s Big Bank Bailout Act
Refreshed 3 h ago
Introduced 2025-06-18Topic: economy jobs · budgetSummary
Summary by the Congressional Research ServiceEnd the Fed’s Big Bank Bailout Act This bill prohibits a Federal Reserve bank from paying earnings on balances maintained at a Federal Reserve bank by or on behalf of a depository institution. Currently, such balances may receive earnings at least once each quarter at a rate not to exceed the general level of short-term interest rates.
Sponsors
- Rand Paul Republican sponsor
- 1 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-12-11 | Senate | Committee on Homeland Security and Governmental Affairs. Hearings held. | refer |
| 2025-06-18 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | refer |
| 2025-06-18 | Introduced in Senate | introduce |