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End the Fed’s Big Bank Bailout Act
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.
Summary
S 2113 would amend the Federal Reserve Act to prohibit Federal Reserve banks from paying interest or earnings on the reserve balances that banks maintain at the Federal Reserve. Reserve balances are funds that banks hold at the Federal Reserve as required or for operational purposes. Currently, the Federal Reserve pays interest on these reserves as part of its monetary policy operations. The bill would eliminate that practice.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Paul, Rand [R-KY] (R-KY)
1 cosponsor
- Sen. Sanders, Bernard [I-VT] (I-VT)
Actions (3)
- Dec 11, 2025 Committee on Homeland Security and Governmental Affairs. Hearings held. · senate
- Jun 18, 2025 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
- Jun 18, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
June 18, 2025
Mr. Paul introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “End the Fed’s Big Bank Bailout Act”.
SEC. 2. PROHIBITION ON EARNINGS.
Section 19(b) of the Federal Reserve Act (12 U.S.C. 461(b)) is amended by striking paragraph (12) and inserting the following:
“(12) Earnings on balances.—No Federal Reserve bank may pay earnings on balances maintained at a Federal Reserve bank by or on behalf of a depository institution.”. <all>
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