Search

Search bills, members, committees and pages...

Sign In

H.R. 4789

U.S. House•In House Committee

Summary

H.R. 4789, the FAIR Act, was introduced in the House on Jul 29, 2025 by Rep. Warren Davidson (R). It was referred to Financial Services, and last saw action on Jul 29, 2025: Referred to the House Committee on Financial Services.

Record

Text

H.R. 4789 has no co-sponsors and has not gone to a roll call.

hb4789/introduced-in-house.txt
119 HR 4789 IH: Fiscal Accountability for Interest on Reserves Act
 U.S. House of Representatives
 2025-07-29
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 4789  IN THE HOUSE OF REPRESENTATIVES   July 29, 2025   Mr. Davidson  introduced the following bill; which was referred to the  Committee on Financial Services    A BILL
To amend the Federal Reserve Act to strike a provision relating to earnings on balances, and for other purposes.
1.
Short title
This Act may be cited as the   Fiscal Accountability for Interest on Reserves Act   or the   FAIR Act  .
2.
Earnings on balances
(a)
In general
Section 19(b) of the Federal Reserve Act ( 12 U.S.C. 461(b) ) is amended by striking paragraph (12).
(b)
Effective date
The amendment made by subsection (a) shall take effect on the date that is 180 days after the date of enactment of this Act.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-07-29
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

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

Sponsors

Rep. Warren Davidson (R) sponsors H.R. 4789 alone.

Committees

H.R. 4789 went before 1 committee: Financial Services.

Financial Services
Financial Services
Referred To · Jul 29, 2025 · 559 Bills

Actions

H.R. 4789 has taken 2 actions since Jul 29, 2025.

ChamberAction
Jul 29, 2025
House
Introduced in House
Jul 29, 2025
House
Referred to the House Committee on Financial Services.Financial Services Committee

Votes

H.R. 4789 has not gone to a roll call.

1 bill is related to H.R. 4789, as Identical bill.

Titles

H.R. 4789 goes by 4 titles, 2 of them short titles.

  • FAIR Act — Display Title
  • FAIR Act — Short Title(s) as Introduced
  • Fiscal Accountability for Interest on Reserves Act — Short Title(s) as Introduced
  • To amend the Federal Reserve Act to strike a provision relating to earnings on balances, and for other purposes. — Official Title as Introduced

Classification

The Congressional Research Service files H.R. 4789 under Finance and Financial Sector, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 4789’s is Finance and Financial Sector.

hr4789/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com