RepublicanAmendment · S.Amdt. 3092· Senate(119-SAMDT-3092)

S.Amdt. 3092

Rep. Paul
Age: 63 years
Kentucky
Introduced
7/29/2025
Sponsored by
Rand Paul
Cosponsors
None
Changes bill
119-S-2296 — National Defense Authorization Act for Fiscal Year 2026
  1. Introduced
  2. Pending Consideration

What this amendment would do

SA 3092, submitted by Mr. Paul, is an amendment to bill S. 2296.

The purpose of this amendment is to change Section 19(b) of the Federal Reserve Act (12 U.S.C. 461(b)). It aims to add a prohibition that prevents any Federal Reserve bank from paying earnings on balances kept at a Federal Reserve bank by or for a depository institution.