Prohibition on IOER Act of 2024
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2024
Committee Review
Floor Vote
President
Introduced Mar 6, 2024
Last action Mar 6, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Mar 6, 2024
Committee
Referred to the House Committee on Financial Services.
lower
Mar 6, 2024
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Warren Davidson
RRepublican
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