Federal · 119th Congress
Bringing the Discount Window into the 21st Century Act
Policy areaFinance and Financial Sector
Summary
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.
Sponsor
Cosponsors2
Other titles2
To amend the Federal Reserve Act to require the Board of Governors of the Federal Reserve System to carry out a review of discount window operations and to implement improvements to such operations, and for other purposes.Official Title as IntroducedOfficial Title from EH (Engrossed in House) bill text
Bringing the Discount Window into the 21st Century ActShort Title(s) as IntroducedShort Title(s) as Reported to HouseShort Title(s) as Passed HouseShort Titles from RFS (Referred to Senate) bill text
Legislative history13
Feb 11, 2026
SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 9, 2026
House · FloorMotion to reconsider laid on the table Agreed to without objection.
Feb 9, 2026
House · FloorOn motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Feb 9, 2026
House · FloorDEBATE - The House proceeded with forty minutes of debate on H.R. 3390.
Feb 9, 2026
House · FloorConsidered under suspension of the rules. (consideration: CR H2076-2078; text: CR H2076-2077)
Feb 9, 2026
House · FloorMr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Sep 4, 2025
HousePlaced on the Union Calendar, Calendar No. 191.
Sep 4, 2025
House · CommitteeReported (Amended) by the Committee on Financial Services. H. Rept. 119-234.
Jul 23, 2025
House · CommitteeOrdered to be Reported (Amended) by the Yeas and Nays: 48 - 1.
Jul 23, 2025
House · CommitteeCommittee Consideration and Mark-up Session Held
Jul 22, 2025
House · CommitteeCommittee Consideration and Mark-up Session Held
May 14, 2025
HouseReferred to the House Committee on Financial Services.
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Documents5
Texts
As referred to a Senate committeeLatestReferred in SenateU.S. Government Publishing OfficeFeb 11, 2026As passed by the HouseEngrossed in HouseU.S. Government Publishing OfficeFeb 9, 2026As reported by the House committeeReported in HouseU.S. Government Publishing OfficeSep 4, 2025As introduced in the HouseIntroduced in HouseU.S. Government Publishing OfficeMay 14, 2025