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    <number>146</number>
    <updateDate>2025-09-05T14:43:15Z</updateDate>
    <updateDateIncludingText>2025-09-05T14:43:15Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2025-01-03</introducedDate>
    <congress>119</congress>
    <legislationUrl>https://www.congress.gov/bill/119th-congress/house-bill/146</legislationUrl>
    <cdata>
      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 171, Number 1 (Friday, January 3, 2025)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. DAVIDSON:H.R. 146.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the U.S. Constitution.The single subject of this legislation is:Interest payments on excess reserves.[Page H41]&lt;/pre&gt;</constitutionalAuthorityStatementText>
    </cdata>
    <committees>
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        <systemCode>hsba00</systemCode>
        <name>Financial Services Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
        <activities>
          <item>
            <name>Referred To</name>
            <date>2025-01-03T16:12:05Z</date>
          </item>
        </activities>
      </item>
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    <actions>
      <item>
        <actionDate>2025-01-03</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
        <type>IntroReferral</type>
        <actionCode>H11100</actionCode>
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          <code>2</code>
          <name>House floor actions</name>
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            <name>Financial Services Committee</name>
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        <text>Introduced in House</text>
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          <name>Library of Congress</name>
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      <item>
        <actionDate>2025-01-03</actionDate>
        <text>Introduced in House</text>
        <type>IntroReferral</type>
        <actionCode>1000</actionCode>
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          <code>9</code>
          <name>Library of Congress</name>
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    <sponsors>
      <item>
        <bioguideId>D000626</bioguideId>
        <fullName>Rep. Davidson, Warren [R-OH-8]</fullName>
        <firstName>Warren</firstName>
        <lastName>Davidson</lastName>
        <party>R</party>
        <state>OH</state>
        <district>8</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Banking and financial institutions regulation</name>
          <updateDate>2025-09-05T14:42:35Z</updateDate>
        </item>
        <item>
          <name>Federal Reserve System</name>
          <updateDate>2025-09-05T14:42:44Z</updateDate>
        </item>
        <item>
          <name>Financial services and investments</name>
          <updateDate>2025-09-05T14:43:15Z</updateDate>
        </item>
        <item>
          <name>Interest, dividends, interest rates</name>
          <updateDate>2025-09-05T14:42:52Z</updateDate>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Finance and Financial Sector</name>
        <updateDate>2025-02-03T15:20:51Z</updateDate>
      </policyArea>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2025-01-03</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2025-02-05T15:24:49Z</updateDate>
        <cdata>
          <text>&lt;p&gt;&lt;strong&gt;Prohibition on IOER Act of 2025&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;This bill prohibits a Federal Reserve bank from paying interest to a depository institution on reserve balances in excess of minimum requirements.&amp;nbsp;&lt;/p&gt;</text>
        </cdata>
      </summary>
    </summaries>
    <title>Prohibition on IOER Act of 2025</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <titleTypeCode>45</titleTypeCode>
        <title>Prohibition on IOER Act of 2025</title>
        <updateDate>2025-01-30T10:53:21Z</updateDate>
      </item>
      <item>
        <titleType>Short Title(s) as Introduced</titleType>
        <titleTypeCode>101</titleTypeCode>
        <title>Prohibition on IOER Act of 2025</title>
        <updateDate>2025-01-30T10:53:18Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <title>To amend the Federal Reserve Act to prohibit Federal reserve banks from paying interest on excess reserves.</title>
        <updateDate>2025-01-30T10:48:26Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2025-01-03T05:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-119hr146ih/xml/BILLS-119hr146ih.xml</url>
          </item>
        </formats>
      </item>
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    <latestAction>
      <actionDate>2025-01-03</actionDate>
      <text>Referred to the House Committee on Financial Services.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This 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.</dc:description>
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