# 119-s-2499: FAIR Act

119-s-2499, FAIR Act, is a 119th Congress bill sponsored by Sen. Scott, Rick [R-FL] (R-FL); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-2499
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2499
- Congress: 119
- Title: FAIR Act
- Status: introduced
- Introduced: 2025-07-29
- Sponsor: Sen. Scott, Rick [R-FL] (R-FL)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Would remove the Federal Reserve's statutory provision governing earnings on reserve balances.** The bill amends the Federal Reserve Act by striking paragraph (12) of section 19(b), which addresses earnings on balances. This change would take effect 180 days after enactment and is limited to that single statutory deletion.

## Cosponsors (1)

- Sen. Cruz, Ted [R-TX] (R-TX), 2025-07-29T00:00:00.000Z

## Provisions PRIA read

- Change to Federal Reserve earnings rule: mixed, medium. This bill would remove a statutory paragraph that governs Federal Reserve earnings on reserve balances. The change would take effect 180 days after enactment. It would change how the Fed treats and reports those earnings and could change how much the Fed remits to the Treasury. Any effects on gover…

## Related bills

- 119-s-1071: National Defense Authorization Act for Fiscal Year 2026
- 119-s-524: Coast Guard Authorization Act of 2025
- 119-s-2120: Older Americans Act Reauthorization Act of 2025
- 119-s-1541: SHIPS for America Act of 2025
- 119-s-4280: SAFE Act
- 119-s-873: Fighter Force Preservation and Recapitalization Act of 2025

## Sources
- [119-s-2499 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2499)

## Related
- [119-s-1071: National Defense Authorization Act for Fiscal Year 2026](https://policyrisk.com/legislation/119-s-1071)
- [119-s-524: Coast Guard Authorization Act of 2025](https://policyrisk.com/legislation/119-s-524)
- [119-s-2120: Older Americans Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-s-2120)
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-4280: SAFE Act](https://policyrisk.com/legislation/119-s-4280)
- [119-s-873: Fighter Force Preservation and Recapitalization Act of 2025](https://policyrisk.com/legislation/119-s-873)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2499 (as of 2026-04-21).