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

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Sens. Cruz, Scott Lead Bill to Stop Federal Reserve from Paying Interest on Bank Reserves

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WASHINGTON, D.C. - Today, U.S. Sens. Ted Cruz (R-Texas) and Rick Scott (R-Fla.) introduced the Fiscal Accountability for Interest on Reserves (FAIR) Act to eliminate the Federal Reserve's authority to pay interest on bank reserves.

Sen. Cruz said, & . . .

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