H.R. 146: Prohibition on IOER Act of 2025

H.R. 146 is a federal bill in the 119th Congress. Currently, the Federal Reserve pays interest to banks on the money they hold in reserve accounts, including amounts above the minimum required. This bill would change that by prohibiting the Federal Reserve from paying any interest on these excess reserve… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.