End the Fed’s Big Bank Bailout Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 2113 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 2113 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. _______________________________________________________________________ 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``End the Fed's Big Bank Bailout Act''. 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 Res…