HR 3390

Bringing the Discount Window into the 21st Century Act

Summary

Bringing 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.

Bill status

Status: Passed House
Sponsor: Rep. Monica De La Cruz [R-TX-15]
Cosponsors: 2
Policy area: Finance and Financial Sector
Introduced: 2025-05-14
Latest action: 2026-02-11: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Committee referrals

Recent actions

2026-02-11: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2026-02-09: Motion to reconsider laid on the table Agreed to without objection.
2026-02-09: 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.
2026-02-09: DEBATE - The House proceeded with forty minutes of debate on H.R. 3390.