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HR 146 119th 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 2025

Introduced: January 3, 2025 Introduced by: Davidson, Warren Republican · Ohio See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 3, 2025
Referred to the House Committee on Financial Services.
Jan 3, 2025
Introduced in House
 Plain-English summary Congressional Research Service

Prohibition on IOER Act of 2025

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 January 3, 2025

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1