What This Bill Does · Plain English
Summary · Congress.gov
End the Fed’s Big Bank Bailout Act This bill prohibits a Federal Reserve bank from paying earnings on balances maintained at a Federal Reserve bank by or on behalf of a depository institution. Currently, such balances may receive earnings at least once each quarter at a rate not to exceed the general level of short-term interest rates.
Action Timeline
2025-12-11
Committee on Homeland Security and Governmental Affairs. Hearings held.
2025-06-18
Introduced in Senate
2025-06-18
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Frequently Asked Questions
Did S.2113 pass?
S.2113 is still alive. Current stage: COMMITTEE. Pass likelihood: pending.
What does S.2113 do?
End the Fed’s Big Bank Bailout Act This bill prohibits a Federal Reserve bank from paying earnings on balances maintained at a Federal Reserve bank by or on behalf of a depository institution. Currently, such balances may receive earnings at least once each quarter at a rate not to exceed the general level of short-term interest rates.
Who sponsored S.2113?
S.2113 was sponsored by Rand Paul (R-Kentucky).
Full Bill Text
119 S2113 IS: End the Fed’s Big Bank Bailout Act U.S. Senate 2025-06-18 text/xml EN 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. 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. .
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