HR3390Passed House
Bringing the Discount Window into the 21st Century Act
Introduced
In Committee
Passed One Chamber
4
Passed Both5
Signed into Law119th
Congress
2025-05-14
Introduced
2
Cosponsors
HR
ⓘType
Sponsor
Monica De La Cruz
Republican · TX · Representative
Votes with party: 98.2% (514 recorded votes)
Full profile: /officials/D000594
Source: Congress.gov · FEC
Cosponsors (2)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2026-02-11
Source: Congress.gov
Committee Activity
Currently in
- Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2026-02-11
- House Committee on Financial ServicesReported By · 2025-09-04
Previously
- Banking, Housing, and Urban Affairs CommitteeReferred To · 2026-02-11
- Financial Services CommitteeReported By · 2025-09-04
- House Committee on Financial ServicesMarkup By · 2025-07-22
- Financial Services CommitteeMarkup By · 2025-07-22
- House Committee on Financial ServicesReferred To · 2025-05-14
Plain-English 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.
Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.
Subjects
Finance and Financial Sector
Full bill text is not yet cached locally.
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