Nonpartisan civic infrastructure
AllCiv·Legis1
·

H.R. 7562

BillFederalHouseIn Committee
To amend the Federal Reserve Act to prohibit Federal reserve banks from paying interest on excess reserves.
About This Bill
Committee
Latest Action · March 6, 2024
Referred to the House Committee on Financial Services.
Congress
118th (2023–2025)
Introduced
March 6, 2024
Cosponsors (0)
None
View PDF ↗

Summary

Highlight any text to annotate
Prohibition on IOER Act of 2024 This bill prohibits a Federal Reserve bank from paying interest to a depository institution on reserve balances in excess of minimum requirements.

Take Action

Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.