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FAIR Act

8/8/2025, 4:38 AM

Summary of Bill S 2499

This bill, introduced in the 119th session of Congress, aims to amend the Federal Reserve Act by removing a specific provision related to earnings on balances. The bill also includes other purposes not specified in the provided context.

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Current Status of Bill S 2499

Bill S 2499 is currently in the status of Bill Introduced since July 29, 2025. Bill S 2499 was introduced during Congress 119 and was introduced to the Senate on July 29, 2025.  Bill S 2499's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of July 29, 2025

Bipartisan Support of Bill S 2499

Total Number of Sponsors
2
Democrat Sponsors
0
Republican Sponsors
2
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 2499

Primary Policy Focus

Alternate Title(s) of Bill S 2499

FAIR Act
FAIR Act
Fiscal Accountability for Interest on Reserves Act
A bill to amend the Federal Reserve Act to strike a provision relating to earnings on balances, and for other purposes.

Comments

Sponsors and Cosponsors of S 2499

Rick Scott
Rick Scott
FloridaRepublican
Ted Cruz
Ted Cruz
TexasRepublican

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