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