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Ending Interest on Bank Reserves: Monetary Policy Shift

This bill aims to stop the Federal Reserve from paying interest to banks for holding reserves. This could influence how banks manage their funds, potentially leading to changes in credit availability and interest rates for citizens.
Key points
The bill removes the provision allowing the Federal Reserve to pay interest on bank reserves.
The change will take effect 180 days after enactment, giving banks time to adjust.
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Status:
Introduced
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Additional Information
FAIR Act
Print number: HR 4789
Sponsor: Rep. Davidson, Warren [R-OH-8]
Process start date: 2025-07-29
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch
Summary & Status

Key Questions about Ending Interest on Bank Reserves: Monetary Policy Shift

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 4789.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-07-29.

What are the main provisions?

Key points include:

  • The bill removes the provision allowing the Federal Reserve to pay interest on bank reserves.
  • The change will take effect 180 days after enactment, giving banks time to adjust.

What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Davidson, Warren [R-OH-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

Analysis and Potential Impact of HR 4789

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy