H.R. 4789
119th CONGRESS 1st Session
To amend the Federal Reserve Act to strike a provision relating to earnings on balances, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES · July 29, 2025 · Sponsor: Mr. Davidson · Committee: Committee on Financial Services
Table of contents
SEC. 1. Short title
- This Act may be cited as the or the .
SEC. 2. Earnings on balances
- (a) In general
- Section 19(b) of the Federal Reserve Act () is amended by striking paragraph (12). 12 U.S.C. 461(b)
- (b) Effective date
- The amendment made by subsection (a) shall take effect on the date that is 180 days after the date of enactment of this Act.