To amend the Federal Reserve Act to prohibit Federal reserve banks from paying interest on excess reserves.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line