HR 3390 · Bringing the Discount Window into the 21st Century Act
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced
- May 14, 2025
- Latest action
- Feb 11, 2026
- Sponsor
- Rep. Monica De La Cruz [R-TX-15]
- Policy area
- Finance and Financial Sector
- Cosponsors
- 2
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.
Recent actions
- Feb 11, 2026 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Feb 9, 2026 Motion to reconsider laid on the table Agreed to without objection.
- Feb 9, 2026 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- Feb 9, 2026 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- Feb 9, 2026 DEBATE - The House proceeded with forty minutes of debate on H.R. 3390.
- Feb 9, 2026 Considered under suspension of the rules. (consideration: CR H2076-2078; text: CR H2076-2077)
- Feb 9, 2026 Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- Sep 4, 2025 Placed on the Union Calendar, Calendar No. 191.
Votes
No recorded votes are available for this bill.