119-S2113
End the Fed’s Big Bank Bailout Act
Last action was on 6-18-2025
SenateCurrent status is Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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119th CONGRESS
1st Session
S. 2113
1. Short title2. Prohibition on earnings1. 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.