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HB4789Introduced in the House

FAIR Act Fiscal Accountability for Interest on Reserves Act

IntroducedHouse Financial Services

Introduced by Warren Davidson, District OH-8

What does this bill do?

Plain-English breakdown

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Official description

To amend the Federal Reserve Act to strike a provision relating to earnings on balances, and for other purposes.

Where it stands

Referred to the House Committee on Financial Services.

July 29, 2025

How did lawmakers vote?

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Bill history

  1. Introduced in House

  2. Referred to the House Committee on Financial Services.

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