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Sens. Rick Scott, Ted Cruz Lead Bill to Stop Federal Reserve from Wasting $1 Trillion Paying Interest on Bank Reserves
July 30, 2025
WASHINGTON, July 30 -- Sen. Rick Scott, R-Florida, issued the following news release:

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Sens. Rick Scott, Ted Cruz Lead Bill to Stop Federal Reserve from Wasting $1 Trillion Paying Interest on Bank Reserves

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WASHINGTON, D.C. - Today, Senator Rick Scott and Senator Ted Cruz introduced the Fiscal Accountability for Interest on Reserves (FAIR) Act to stop the Federal Reserve from paying banks interest on their reserves. In 2024 alone, the Fed . . .

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