# 119-hr-4789: FAIR Act

119-hr-4789, FAIR Act, is a 119th Congress bill sponsored by Rep. Davidson, Warren [R-OH-8] (R-OH); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-4789
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-4789
- Congress: 119
- Title: FAIR Act
- Status: introduced
- Introduced: 2025-07-29
- Sponsor: Rep. Davidson, Warren [R-OH-8] (R-OH)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Removes the federal rule that governs how earnings on reserve balances are handled by the Federal Reserve.** The bill would strike paragraph (12) of Section 19(b) of the Federal Reserve Act and make that repeal take effect 180 days after enactment.

## Provisions PRIA read

- End Fed interest on bank reserves: mixed, high. This bill would repeal the law that lets the Federal Reserve pay interest on bank reserve balances. The change would start 180 days after enactment. Banks and the Fed would need new rules for reserves. Households could feel indirect effects through loan rates, savings rates, or federal payments. Th…

## Related bills

- 119-hr-3633: Digital Asset Market Clarity Act
- 119-hr-3330: Energy Freedom Act
- 119-hr-25: FairTax Act of 2025
- 119-hr-8324: Great American Healthcare Plan
- 119-hr-6955: Main Street Capital Access Act
- 119-hr-266: Educational Opportunity and Success Act of 2025

## Sources
- [119-hr-4789 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/4789)

## Related
- [119-hr-3633: Digital Asset Market Clarity Act](https://policyrisk.com/legislation/119-hr-3633)
- [119-hr-3330: Energy Freedom Act](https://policyrisk.com/legislation/119-hr-3330)
- [119-hr-25: FairTax Act of 2025](https://policyrisk.com/legislation/119-hr-25)
- [119-hr-8324: Great American Healthcare Plan](https://policyrisk.com/legislation/119-hr-8324)
- [119-hr-6955: Main Street Capital Access Act](https://policyrisk.com/legislation/119-hr-6955)
- [119-hr-266: Educational Opportunity and Success Act of 2025](https://policyrisk.com/legislation/119-hr-266)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-4789 (as of 2026-04-21).