HR 7562
118th Congress
House
Finance and Financial Sector
Banking and financial institutions regulation
Federal Reserve System
Financial services and investments
Interest, dividends, interest rates
Prohibition on IOER Act of 2024
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 6, 2024
Referred to the House Committee on Financial Services.
Mar 6, 2024
Introduced in House
Plain-English summary
Prohibition on IOER Act of 2024
This bill prohibits a Federal Reserve bank from paying interest to a depository institution on reserve balances in excess of minimum requirements.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1