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End Federal Reserve Interest Payments to Banks

This proposed bill aims to stop the Federal Reserve from paying interest to commercial banks on the funds they hold at the Federal Reserve. This means banks will no longer earn money on these deposits. The goal is to reduce support for large banks and potentially reallocate these funds, which could impact financial stability and monetary policy.
Key points
The Federal Reserve will stop paying interest to banks on their deposits.
The change aims to limit support for large banks.
This could affect how banks manage money and overall monetary policy.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2113
Sponsor: Sen. Paul, Rand [R-KY]
Process start date: 2025-06-18
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

End the Fed’s Big Bank Bailout Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2113.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-06-18.

What are the main provisions?

Key points include:

  • The Federal Reserve will stop paying interest to banks on their deposits.
  • The change aims to limit support for large banks.
  • This could affect how banks manage money and overall monetary policy.
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 Sen. Paul, Rand [R-KY].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

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

CATEGORIES

Economy