Not adopted
This amendment was never taken up, and the bill finished without it. It was never voted on.
Its path through Congress
- Introduced
- Pending Consideration
- Failed
What this amendment would do
This amendment, submitted by Ms. Warren to the bill H.R. 1, focuses on stockholder dividends under the Federal Reserve Act. We need to keep an eye on how these big financial rules are written so we can hold our officials accountable to the public.
What It Aims to Change
The amendment aims to change the dividend rate for specific stockholders. It updates the rule for any stockholder that has total consolidated assets of more than $10,000,000,000. For these large stockholders, the dividend rate will now be equal to the high yield of the 2-year Treasury note auctioned at the last auction held before the dividend is paid.
- 6/29/2025
- Senate amendment submitted
This bill has no cosponsors