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LEGISLATION/H.R. 3390

Bringing the Discount Window into the 21st Century Act

119-HR-3390119th CongressIntroduced May 14, 2025Finance and Financial Sector
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsor

Rep. De La Cruz, Monica [R-TX-15](R-TX-15)
2 cosponsors

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.

Subjects

Banking and financial institutions regulationCongressional oversightCredit and credit marketsFederal Reserve SystemGovernment lending and loan guaranteesGovernment studies and investigationsMonetary policy

Actions (16)

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 11, 2026Senate
Motion to reconsider laid on the table Agreed to without objection.
Feb 9, 2026House floor actions
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Feb 9, 2026House floor actions
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Feb 9, 2026Library of Congress
DEBATE - The House proceeded with forty minutes of debate on H.R. 3390.
Feb 9, 2026House floor actions
Considered under suspension of the rules. (consideration: CR H2076-2078; text: CR H2076-2077)
Feb 9, 2026House floor actions
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Feb 9, 2026House floor actions
Placed on the Union Calendar, Calendar No. 191.
Sep 4, 2025House floor actions
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-234.
Sep 4, 2025House floor actions
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-234.
Sep 4, 2025Library of Congress
Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 1.
Jul 23, 2025House committee actions
Committee Consideration and Mark-up Session Held
Jul 23, 2025House committee actions
Committee Consideration and Mark-up Session Held
Jul 22, 2025House committee actions
Referred to the House Committee on Financial Services.
May 14, 2025House floor actions
Introduced in House
May 14, 2025Library of Congress
Introduced in House
May 14, 2025Library of Congress
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