Pledging
These are the original issues in this subcategory
- MINORITY BANKS
- GREEN BANKS
- BANK BAILOUTS
Our Federal Reserve pays banks and other depository institutions interest on the reserve funds they hold at the central bank. This practice was initially authorized by Congress in 2008 following the financial crisis as a tool to control the money supply. These interest payments have risen from $60 billion in 2022 to over $176 billion in 2023 – even while the Federal Reserve has been operating at a loss since 2022. Opponents argue that paying interest on reserves amounts to a subsidy for banks, which collect billions on funds simply by holding them at the Fed. As interest rates rise, opponents argue that the Fed can no longer afford this arrangement and that eliminating these payments could save over a trillion dollars in the next decade. Critics also question why the Fed would pay hundreds of billions of dollars to banks while issues like income inequality and national debt are pressing concerns.
Pending Legislation: S.2113 - End the Fed’s Big Bank Bailout Act
Sponsor: Sen. Rand Paul (KY)
Status: Senate Committee on Homeland Security and Governmental Affairs
Chair: Sen. Rand Paul (KY)
Pending Legislation: S.2113 - End the Fed’s Big Bank Bailout Act
Sponsor: Sen. Rand Paul (KY)
Status: Senate Committee on Homeland Security and Governmental Affairs
Chair: Sen. Rand Paul (KY)
- I oppose reforming current bank bailout policy and wish to donate resources to the campaign committee of Leader John Thune (SD) .
- I support amending the Federal Reserve Act to prohibit the payment of earnings on balances maintained by depository institutions at Federal Reserve Banks which acts as a taxpayer-funded subsidy, costing hundreds of billions and preventing profits from going to the Treasury, thereby aiming to lower interest rates and end large-scale bank bailouts. And wish to donate resources to the campaign committee of Sen. Rand Paul (KY) and/or to an advocate group currently working with this issue.
- I support amending the Federal Reserve Act to prohibit the payment of earnings on balances maintained by depository institutions at Federal Reserve Banks which acts as a taxpayer-funded subsidy, costing hundreds of billions and preventing profits from going to the Treasury, thereby aiming to lower interest rates and end large-scale bank bailouts.
And wish to donate resources to the campaign committee of Sen. Rand Paul (KY) and/or to an advocate group currently working with this issue.
You May Pledge Your Support For This Issue With A Monetary
Donation And By Writing A Letter To Your Representatives
Donation And By Writing A Letter To Your Representatives
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Pledge Period - Opening Date
March 2, 2026 @00:01 Universal Coordinated Time (UTC)
Pledge Period - Closing Date
March 8, 2026 @23:59 Universal Coordinated Time (UTC)
Trustee Election - Begins
March 9, 2026