HR 7562 · 118th Congress · Finance and Financial Sector

Prohibition on IOER Act of 2024

Introduced 2024-03-06· Sponsored by Rep. Davidson, Warren [R-OH-8]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2024-03-06)

Plain Language Summary

[AI summary unavailable — showing source text] 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. …

Summarized by Claude AI · Non-partisan · For informational purposes only