3.0.075622024-10-09T14:12:46Z2024-10-09T14:12:46ZHouseHHR2024-03-06118[Congressional Record Volume 170, Number 40 (Wednesday, March 6, 2024)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DAVIDSON:H.R. 7562.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the U.S. ConstitutionThe single subject of this legislation is:To amend the Federal Reserve Act to prohibit Federalreserve banks from paying interest on excess reserves.[Page H999]]]>hsba00Financial Services CommitteeHouseStandingReferred to2024-03-06T15:00:30Z2024-03-06Referred to the House Committee on Financial Services.IntroReferralH111002House floor actionshsba00Financial Services Committee2024-03-06Introduced in HouseIntroReferralIntro-H9Library of Congress2024-03-06Introduced in HouseIntroReferral10009Library of CongressD000626Rep. Davidson, Warren [R-OH-8]WarrenDavidsonROH8NFinance and Financial SectorFinance and Financial Sector2024-03-15T11:00:47Z002024-03-06Introduced in House2024-10-08T16:00:27ZProhibition on IOER Act of 2024
This bill prohibits a Federal Reserve bank from paying interest to a depository institution on reserve balances in excess of minimum requirements.
]]>Prohibition on IOER Act of 2024Display Title45Prohibition on IOER Act of 20242024-07-09T18:14:45ZShort Title(s) as Introduced101Prohibition on IOER Act of 20242024-05-24T13:33:52ZIntroduced in HouseIHOfficial Title as Introduced6To amend the Federal Reserve Act to prohibit Federal reserve banks from paying interest on excess reserves.2024-03-18T22:22:59ZIntroduced in HouseIHIntroduced in House2024-03-06T05:00:00Zhttps://www.govinfo.gov/content/pkg/BILLS-118hr7562ih/xml/BILLS-118hr7562ih.xml2024-03-06Referred to the House Committee on Financial Services.text/xmlENPursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.Congressional Research Service, Library of CongressThis file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.