Install
End the Fed’s Big Bank Bailout Act
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.
- Introduced
- Committee
- Passed Senate
- Passed House
- To President
- Became law
Summary
End 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.
Summary by the Congressional Research Service, Library of Congress.
Actions
- Dec 11, 2025 Committee on Homeland Security and Governmental Affairs. Hearings held.
- Jun 18, 2025 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jun 18, 2025 Introduced in Senate
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