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Referenced Laws
12 U.S.C. 461(b)
Section 1
1. Short title This Act may be cited as the End the Fed’s Big Bank Bailout Act.
Section 2
2. Prohibition on earnings Section 19(b) of the Federal Reserve Act (12 U.S.C. 461(b)) is amended by striking paragraph (12) and inserting the following: No Federal Reserve bank may pay earnings on balances maintained at a Federal Reserve bank by or on behalf of a depository institution. (12)
Earnings on balances
No Federal Reserve bank may pay earnings on balances maintained at a Federal Reserve bank by or on behalf of a depository institution.
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