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119th CongressS. 2113

Introduced in Senate

End the Fed’s Big Bank Bailout Act

SEC. 1. SHORT TITLETrack this section →

This Act may be cited as the End the Fed’s Big Bank Bailout Act.

SEC. 2. PROHIBITION ON EARNINGSTrack this section →

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..

•S 2113 ISText from GovInfo