U.S. Senate · October 9, 2025
Roll call 562 · 119th Congress, session 1
S.Amdt. 3761 — To prohibit earnings on balances maintained at a Federal Reserve bank by or on behalf of a depository institution.
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
The Senate said no · recorded as “Amendment Rejected”
Needed three-fifths (60 of 100 senators), the bar for ending debate.
What was being voted on
119-SAMDT-3761 — To prohibit earnings on balances maintained at a Federal Reserve bank by or on behalf of a depository institution.
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.