S. 2113 — Introduced in Senate

II 119th CONGRESS 1st Session S. 2113 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. 1. Short title This Act may be cited as the End the Fed’s Big Bank Bailout Act. 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 Reserve bank may pay earnings on balances maintained at a Federal Reserve bank by or on behalf of a depository institution. .