End the Fed’s Big Bank Bailout Act

This bill amends the Federal Reserve Act to prohibit the Federal Reserve from paying interest on reserve balances held by banks at the Federal Reserve. It directly affects depository institutions (banks) by eliminating a source of income they currently earn on their required and excess reserves. The key mechanism is removing the specific provision (12) that allowed these interest payments, changing how the Fed compensates banks for holding reserves. This is a concrete policy change to the Fed's operations, not a new bailout measure.