Prohibition on IOER Act of 2025

Introduced Jan 3, 2025Latest action Jan 3, 2025Finance and Financial Sector

Plain-English summary

Prohibition on IOER Act of 2025 This bill prohibits a Federal Reserve bank from paying interest to a depository institution on reserve balances in excess of minimum requirements.

Deterministically condensed from the official CRS summary; verify details in the official record.

People and recorded decisions

Sponsors, Cosponsors & House Votes

Warren Davidson

Sponsor · Republican · OH

No linked House roll-call vote is available yet. Senate votes are not currently synchronized.

Official Subjects

Finance and Financial SectorBanking and financial institutions regulationFederal Reserve SystemFinancial services and investmentsInterest, dividends, interest rates

Sources & text

Official Congress.gov record ↗Introduced in House ↗Introduced in House ↗Introduced in House ↗

Congress.gov data last updated Sep 4, 2026. Automated summaries preserve a source version and generation timestamp; human edits are explicitly recorded.