CONGRESS FOR VOTERS

Rand Paul (R-KY)

To prohibit earnings on balances maintained at a Federal Reserve bank by or on behalf of a depository institution.

S.Amdt. 3761 · Senate amendment to an amendment

A Republican amendment with 1 Democratic cosponsor · See all 2 cosponsors

Changes S.Amdt. 3748, an amendment to S. 2296 — National Defense Authorization Act for Fiscal Year 2026

Last activity — Amendment SA 3761, under the order of 10/9/2025, not having achieved 60 votes in the affirmative, not agreed to in Senate by Yea-Nay Vote. 14 - 83. Record Vote Number: 562.

Failed

14 yes 83 no

The Senate voted this amendment down in a recorded vote, where every member's position was written down.

Its path through Congress

  1. Introduced
  2. Failed

What this amendment would do

SA 3761, submitted by Mr. Paul, aims to add a section to bill S. 2296 that prohibits certain Federal Reserve activities.

The amendment intends to change the following:

  • Earnings: It amends the Federal Reserve Act to state that no Federal Reserve bank may pay earnings on balances held by or for a depository institution.

  • Overnight Reverse Repurchase Agreement Facilities: It amends the Federal Reserve Act to state that no Federal Reserve bank may enter into any reverse repurchase agreement or participate in any overnight reverse repurchase agreement facility.

The changes would take effect 180 days after the Act is enacted.

What Congress actually voted on

One recorded vote has been taken on this amendment.

  • The Senate: a vote on a proposed change to the bill A vote on one change, not on the bill. A bill can collect dozens of these, and losing one does not stop it. Failed 14 yes · 83 no

    See who voted how →

    10/09/2025 · Roll call 562 · recorded as “On the Amendment S.Amdt. 3761 to S.Amdt. 3748 to S. 2296 (No short title on file)”