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Bill · 119th Congress · HR 3390
Bringing the Discount Window into the 21st Century Act
Refreshed 3 h ago
Introduced 2025-05-14Topic: economy jobsSummary
Summary by the Congressional Research ServiceBringing the Discount Window into the 21st Century Act 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. 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.
Sponsors
- Monica De La Cruz Republican sponsor
- 2 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-02-11 | Senate | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | refer |
| 2026-02-09 | House | Motion to reconsider laid on the table Agreed to without objection. | |
| 2026-02-09 | House | On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. | |
| 2026-02-09 | Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. | floor pass | |
| 2026-02-09 | House | DEBATE - The House proceeded with forty minutes of debate on H.R. 3390. | |
| 2026-02-09 | House | Considered under suspension of the rules. (consideration: CR H2076-2078; text: CR H2076-2077) | |
| 2026-02-09 | House | Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended. | |
| 2025-09-04 | House | Placed on the Union Calendar, Calendar No. 191. | |
| 2025-09-04 | House | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-234. | report |
| 2025-09-04 | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-234. | report | |
| 2025-07-23 | House | Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 1. | refer |
| 2025-07-23 | House | Committee Consideration and Mark-up Session Held | refer |
| 2025-07-22 | House | Committee Consideration and Mark-up Session Held | refer |
| 2025-05-14 | House | Referred to the House Committee on Financial Services. | refer |
| 2025-05-14 | Introduced in House | introduce | |
| 2025-05-14 | Introduced in House | introduce |