H.R. 7562 · 118th Congress
Prohibition on IOER Act of 2024
- Stage
- In committee
- Sponsor
- Warren Davidson
- Introduced
- 2024-03-06
- Latest action
- 2024-03-06 · Introduced in House
Summary
Prohibition 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.