[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2113 Introduced in Senate (IS)]

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119th CONGRESS
  1st Session
                                S. 2113

   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.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             June 18, 2025

   Mr. Paul introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``End the Fed's Big Bank Bailout 
Act''.

SEC. 2. PROHIBITION ON EARNINGS.

    Section 19(b) of the Federal Reserve Act (12 U.S.C. 461(b)) is 
amended by striking paragraph (12) and inserting the following:
            ``(12) Earnings on balances.--No Federal Reserve bank may 
        pay earnings on balances maintained at a Federal Reserve bank 
        by or on behalf of a depository institution.''.
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