House bill · 119th Congress · Latest step: Introduced
Prohibition on IOER Act of 2025
Official title: To amend the Federal Reserve Act to prohibit Federal reserve banks from paying interest on excess reserves.
Open in Bill Explorer →Where it went
- IntroducedJan 3, 2025
- Committee action—
- Passed House—
- Passed Senate—
- To the President—
- Became law—
Latest action: Jan 3, 2025 — Referred to the House Committee on Financial Services.
Cost and committee reports
Official records Congress.gov attaches to H.R. 146.
- Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. DAVIDSON, as printed in the Congressional Record (Vol. 171, No. 1, January 3, 2025, Page H41):Article I, Section 8 of the U.S. Constitution. The single subject of this legislation is: Interest payments on excess reserves.Source: Congress.gov, Congressional Record January 3, 2025 ↗
Evidence
- Field in the Congress.gov record
- constitutionalAuthorityStatementText
- Statement length
- 127 characters
- Congress.gov bill record
- H.R. 146, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/146
- Record last updated by Congress.gov
- September 5, 2025
- PORKER copy retrieved
- September 13, 2026
- Stored copy, SHA-256 of the file
798916632106e3e0cb6a3d6230eb9941af3a58205d6d707aaf37543f75c316c3
PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.
Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of September 5, 2025). Not every bill gets one.
From the Congress.gov bill record for H.R. 146, last updated September 5, 2025. PORKER’s copy was retrieved September 13, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.
Vote results
No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).
Cosponsors
No cosponsors.
More from the sponsor
Other 119th Congress bills sponsored by Rep. Warren Davidson.
- H.R. 386 (119th) Chinese Currency Accountability Act of 2025
- H.R. 425 (119th) Repealing Big Brother Overreach Act
- H.R. 6624 (119th) Biological Intellectual Property Protection Act of 2025
- H.R. 7866 (119th) American Lending Fairness Act of 2026
- H.R. 7688 (119th) DPA Modernization Act of 2026
- H.R. 1602 (119th) Financial Privacy Act of 2025
Sponsor’s state and district
Data as of Sep 13, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.