,,ii  #aaith ,,congress  #ast ,session  
,s4 #bdii  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #bi1     
#bjbe,mr4 ,scott of ,florida 7for       
himself and ,mr4 ,cruz7 introduced the  
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to amend the ,federal ,reserve 
,act to strike a provision relating to  
earnings on balances1 and for other     
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,fiscal             
,accountability for ,interest on        
,reserves ,act or the ,,fair ,act4  #b4 
,earnings on balances  7a7 ,in general  
,section #ai7;b7 of the ,federal        
,reserve ,act 7#ab ,u4,s4,c4 #dfa7;b77  
is amended by striking paragraph 7#ab74 
7b7 ,effective date ,the amendment made 
by subsection 7a7 shall take effect on  
the date that is #ahj days after the    
date of enactment of this ,act4