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S. 2113: End the Fed’s Big Bank Bailout Act
119th Congress · introduced 2025-06-18 · Finance and Financial Sector · Latest: Committee on Homeland Security and Governmental Affairs. Hearings held.
federal
Official title
End the Fed’s Big Bank Bailout Act
Plain summary
End the Fed’s Big Bank Bailout Act This bill prohibits a Federal Reserve bank from paying earnings on balances maintained at a Federal Reserve bank by or on behalf of a depository institution. Currently, such balances may receive earnings at least once each quarter at a rate not to exceed the general level of short-term interest rates.
Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.
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What does this mean? (plain words)
Official text
End the Fed’s Big Bank Bailout Act
Source: Congressional Research Service summary (Introduced in Senate)
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Officials and money
Sponsor: Sen. Paul, Rand [R-KY] · 1 cosponsors
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Words on this page, explained (1)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in Senate)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119s2113.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/s>
Record fed-us-cong119-s2113 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills