H.R. 146
Prohibition on IOER Act of 2025
In Plain Language
This bill would stop the Federal Reserve from paying interest on the extra money that banks hold in reserve accounts beyond what they're required to keep. Currently, banks earn interest on these excess reserves, but this bill would eliminate that practice.
Official Congressional Research Service summary
Prohibition on IOER Act of 2025This bill prohibits a Federal Reserve bank from paying interest to a depository institution on reserve balances in excess of minimum requirements.
Sponsor
Cosponsors
None listed
Latest action
Referred to the House Committee on Financial Services.
Jan 3, 2025
Official source
Action history
Write to this bill’s sponsor
Draft a constituent message about this bill in your own words -- grounded in the actual summary, not a form letter.
Don’t worry — we’ll help you form the message.
Compose a message