United StatesBringing the Discount Window into the 21st Century Act
What it does
This bill requires the Board of Governors of the Federal Reserve System to review and develop a remediation plan for its discount window lending program, which provides loans to depository institutions to support an institution’s security and liquidity.
More detail
The review must consider topics such as the sufficiency of the technology infrastructure, the effectiveness of the existing operating hours of the discount window, and how the discount window interacts with other liquidity providers during normal operations and in times of financial distress.
The remediation plan must address any identified deficiencies, establish timelines and milestones for implementation, and be approved by the board.
The bill requires annual reports to Congress regarding the plan.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Feb 11Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Latest
- Feb 9Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- Feb 9Considered under suspension of the rules. (consideration: CR H2076-2078; text: CR H2076-2077)
- Feb 9DEBATE - The House proceeded with forty minutes of debate on H.R. 3390.
- Feb 9Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.Passed House
- Feb 9Motion to reconsider laid on the table Agreed to without objection.
- 2025
- Sep 4Reported (Amended) by the Committee on Financial Services. H. Rept. 119-234.
- Sep 4Placed on the Union Calendar, Calendar No. 191.
- Jul 23Committee Consideration and Mark-up Session Held
- Jul 23Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 1.
- Jul 22Committee Consideration and Mark-up Session Held
- May 14Introduced in House
- May 14Referred to the House Committee on Financial Services.Introduced