Bill118th CongressFiled Mar 6, 2024Finance and Financial Sector
H.R. 7562
Prohibition on IOER Act of 2024
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Mar 6, 2024)
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.
What just happenedMar 6, 2024
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Davidson, Warren [R-OH-8](R-OH)Sponsor
1committees3actions
- Introduced in HouseMar 6, 2024
- Mar 6, 2024IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Mar 6, 2024IntroReferralIntro-H
Introduced in House
- Mar 6, 2024IntroReferral1000
Introduced in House