Banks would stop earning money on funds held at the Federal Reserve.
This bill would stop Federal Reserve banks from paying earnings to other banks on the money they keep there. Depository institutions would no longer receive these payments, which would change how the Federal Reserve interacts with the banking system.
Today, Federal Reserve banks are allowed to pay earnings to other banks on the money those banks keep with them. If this bill becomes law, Federal Reserve banks would be prohibited from making these payments to banks.
S 2113 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10
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5 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.