HR. 146In Committee
Prohibition on IOER Act of 2025
Prohibits Federal Reserve banks from paying interest on depository institutions' reserve balances above minimum requirements
Plain-English overview
What this bill does
Prohibits Federal Reserve banks from paying interest on depository institutions' reserve balances above minimum requirements
Key points
- Prohibit interest on excess reserves
Current status
Where it stands
Status
In Committee
Latest action
2025-01-03 — Referred to the House Committee on Financial Services.
Related context
Topics and policy areas
undefinedBanking and financial institutions regulationFederal Reserve SystemFinance and Financial SectorFinancial services and investmentsInterest, dividends, interest rates