Introduced in House
Prohibition on IOER Act of 2025
SEC. 1. SHORT TITLETrack this section →
This Act may be cited as the Prohibition on IOER Act of 2025.
SEC. 2. PROHIBITION ON PAYMENT OF EARNINGS ON SURPLUS RESERVESTrack this section →
Section 19(b)(12) of the Federal Reserve Act (12 U.S.C. 461(b)(12)) is amended— (1) in the heading, by inserting required reserve before balances; (2) in subparagraph (A), by inserting after Balances the following: of reserves required to be maintained by a depository institution under paragraph (2) that are; (3) by redesignating subparagraph (C) as subparagraph (D); and (4) by inserting after subparagraph (B) the following: (C) Prohibition on other earnings A Federal reserve bank may not pay earnings on balances maintained at a Federal reserve bank by or on behalf of a depository institution except as provided under this paragraph..