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S. 2499

U.S. Senate•In Senate Committee

Summary

S. 2499, the FAIR Act, was introduced in the Senate on Jul 29, 2025 by Sen. Rick Scott (R) with 1 co-sponsor. It was referred to Banking, Housing, And Urban Affairs, and last saw action on Jul 29, 2025: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Record

Text

S. 2499 has 1 co-sponsor.

sb2499/introduced-in-senate.txt
119 S2499 IS: Fiscal Accountability for Interest on Reserves Act
 U.S. Senate
 2025-07-29
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  1st Session  S. 2499  IN THE SENATE OF THE UNITED STATES   July 29, 2025   Mr. Scott of Florida  (for himself and  Mr. Cruz ) introduced the following bill; which was read twice and referred to the  Committee on Banking, Housing, and Urban Affairs    A BILL
To amend the Federal Reserve Act to strike a provision relating to earnings
 on balances, and for other purposes.
1.
Short title
This Act may be cited as the   Fiscal Accountability for Interest on Reserves Act   or the   FAIR Act  .
2.
Earnings on balances
(a)
In general
Section 19(b) of the Federal Reserve Act ( 12 U.S.C. 461(b) ) is amended by striking paragraph (12).
(b)
Effective date
The amendment made by subsection (a) shall take effect on the date that is 180 days after the date of enactment of this Act.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-07-29
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

A bill to amend the Federal Reserve Act to strike a provision relating to earnings on balances, and for other purposes.

Sponsors

Sen. Rick Scott (R) sponsors S. 2499, and 1 member has co-sponsored it from the day it was introduced.

Committees

S. 2499 went before 1 committee: Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs
Banking, Housing, and Urban Affairs
Referred To · Jul 29, 2025 · 465 Bills

Actions

S. 2499 has taken 2 actions since Jul 29, 2025.

ChamberAction
Jul 29, 2025
Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Banking, Housing, and Urban Affairs Committee
Jul 29, 2025
—
Introduced in Senate

Votes

S. 2499 has not gone to a roll call.

1 bill is related to S. 2499, as Identical bill.

Titles

S. 2499 goes by 4 titles, 2 of them short titles.

  • FAIR Act — Display Title
  • FAIR Act — Short Title(s) as Introduced
  • Fiscal Accountability for Interest on Reserves Act — Short Title(s) as Introduced
  • A bill to amend the Federal Reserve Act to strike a provision relating to earnings on balances, and for other purposes. — Official Title as Introduced

Lobbying

1 client hired 1 firm and 10 registered lobbyists who named S. 2499 in 4 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Aviation/Airlines/Airports.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
AIR TRANSPORT ASSOCIATION OF AMERICA, INC. (D/B/A AIRLINES FOR AMERICA)—District of Columbia14—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
AIR TRANSPORT ASSOCIATION OF AMERICA, INC. (D/B/A AIRLINES FOR AMERICA)14—

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
JARROD THOMPSON114
JOSHUA SALTZMAN114
SHARON PINKERTON114
CHRISTINE BURGESON112
HARRISON COSTELLO112
JESSICA MONAHAN112
KRISTINE O'BRIEN112
MARK COPELAND112
SHELLEY RUBINO112
NICHOLAS CALIO111

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
AIR TRANSPORT ASSOCIATION OF AMERICA, INC. (D/B/A AIRLINES FOR AMERICA)AIR TRANSPORT ASSOCIATION OF AMERICA, INC. (D/B/A AIRLINES FOR AMERICA)2025 third_quarter$1.3M3rd Quarter - Report
AIR TRANSPORT ASSOCIATION OF AMERICA, INC. (D/B/A AIRLINES FOR AMERICA)AIR TRANSPORT ASSOCIATION OF AMERICA, INC. (D/B/A AIRLINES FOR AMERICA)2025 fourth_quarter$1.2M4th Quarter - Report
AIR TRANSPORT ASSOCIATION OF AMERICA, INC. (D/B/A AIRLINES FOR AMERICA)AIR TRANSPORT ASSOCIATION OF AMERICA, INC. (D/B/A AIRLINES FOR AMERICA)2026 second_quarter$1.1M2nd Quarter - Report
AIR TRANSPORT ASSOCIATION OF AMERICA, INC. (D/B/A AIRLINES FOR AMERICA)AIR TRANSPORT ASSOCIATION OF AMERICA, INC. (D/B/A AIRLINES FOR AMERICA)2026 first_quarter$1M1st Quarter - Report

Classification

The Congressional Research Service files S. 2499 under Finance and Financial Sector, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 2499’s is Finance and Financial Sector.

s2499/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com