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EconomyS. 2113Not Yet VotedComments

End the Fed’s Big Bank Bailout Act

Official title: 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.

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How Congress Voted

What Happened in Congress?

Pending

Not yet voted on the floor.

Where the Bill Stands

  1. Introduced, done
  2. Committee, current stage
  3. Floor Vote, not yet
  4. Outcome, not yet

What This Bill Does

This bill prohibits a Federal Reserve bank from paying earnings on balances maintained at a Federal Reserve bank by or on behalf of a depository institution. Currently, such balances may receive earnings at least once each quarter at a rate not to exceed the general level of short-term interest rates.

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Related Documents

Bill on Congress.govWeb Page ↗ (opens in a new tab)

Timeline

  1. SenateCommittee on Homeland Security and Governmental Affairs. Hearings held.
  2. Library of CongressIntroduced in Senate
  3. SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  4. Introduced
  5. Committee

Comments

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