S 2113 · 119th Congress

End the Fed’s Big Bank Bailout Act

This bill would eliminate the interest payments that banks currently earn when they keep money on deposit at the Federal Reserve. Right now, when banks hold reserves at the Fed, they receive a small amount of interest on that money. This bill would stop those interest payments completely. The practical effect is th…

Sponsor

Paul, Rand (R-Kentucky)

Introduced

2025-06-18

Policy area

Finance and Financial Sector

Latest action

Committee on Homeland Security and Governmental Affairs. Hearings held.