119th Congress
H.R. 3390
Bringing the Discount Window into the 21st Century Act
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- Monica De La Cruz(R-TX)
- Introduced
- May 14, 2025
- Policy area
- Finance and Financial Sector
- Committees
- House Committee on Financial Services; Senate Committee on Banking, Housing, and Urban Affairs
- Official text
- Referred in Senate · Congress.gov page
Cosponsors (2)
Original cosponsors (2)
- Daniel Meuser (R-PA)
- Frank D. Lucas (R-OK)
Summary
Summary by the Congressional Research Service· describes the “Introduced in House” version
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.
Roll-call votes
No recorded votes on this bill.
Actions
- Feb 11, 2026 · Senate
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. - Feb 9, 2026 · House
Motion to reconsider laid on the table Agreed to without objection. - Feb 9, 2026 · House
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. - Feb 9, 2026 · House
DEBATE - The House proceeded with forty minutes of debate on H.R. 3390. - Feb 9, 2026 · House
Considered under suspension of the rules. (consideration: CR H2076-2078; text: CR H2076-2077) - Feb 9, 2026 · House
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended. - Sep 4, 2025 · House
Placed on the Union Calendar, Calendar No. 191. - Sep 4, 2025 · House
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-234. - Jul 23, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 1. - Jul 23, 2025
Committee Consideration and Mark-up Session Held - Jul 22, 2025
Committee Consideration and Mark-up Session Held - May 14, 2025 · House
Referred to the House Committee on Financial Services. - May 14, 2025
Introduced in House