End the Fed’s Big Bank Bailout Act

Bill: 119-s-2113
Sponsor: full_name: Sen. Paul, Rand [R-KY]
Introduced: 2025-06-18
Policy area: Finance and Financial Sector
Latest action: action_date: 2025-06-18
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:

tv_txt: II 119th CONGRESS 1st Session S. 2113 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.

1. Short title This Act may be cited as the End the Fed’s Big Bank Bailout Act . 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. .