Legis Daily

Prohibition on IOER Act of 2024

USA118th CongressHR-7562| House 
| Updated: 3/6/2024
Warren Davidson

Warren Davidson

Republican Representative

Ohio

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Mar 6, 2024
Introduced in House
Mar 6, 2024
Referred to the House Committee on Financial Services.
  • March 6, 2024
    Introduced in House
  • March 6, 2024
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Prohibition on IOER Act of 2024

USA118th CongressHR-7562| House 
| Updated: 3/6/2024
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 6, 2024
Introduced in House
Mar 6, 2024
Referred to the House Committee on Financial Services.
  • March 6, 2024
    Introduced in House
  • March 6, 2024
    Referred to the House Committee on Financial Services.
Warren Davidson

Warren Davidson

Republican Representative

Ohio

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted