HR 146 · 119th CongressIn Committeecongress.gov ↗

Prohibition on IOER Act of 2025

Share Share Share

Road to The Floor

How it works

Introduced

In Committee

On The Floor

Passed a Chamber

Passed Congress

To President

Became Law

What this bill does

AI plain-language summary

This bill would stop Federal Reserve banks from paying interest to banks on money they hold above the minimum amount they are required to keep in reserve. Currently, banks can earn interest on these extra reserve funds, but this bill would end that practice.

Sponsor

Rep. Davidson, Warren [R-OH-8]

R

Introduced

January 3, 2025

Policy Area

Finance and Financial Sector

Your Vote

Discussion (0)

Explain what is at stake in this bill.

Sign in to join the discussion.

No comments yet. Be the first.