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H.R. 3390 · 119th Congress

Bringing the Discount Window into the 21st Century Act

Introduced May 14, 2025Policy area: Finance and Financial Sector

Read the textOn Congress.gov

Status: Passed House

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Law

Latest action

: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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.

Summary by the Congressional Research Service.

Actions

  1. Senate

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  2. House

    Motion to reconsider laid on the table Agreed to without objection.

  3. House

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

  4. House

    DEBATE - The House proceeded with forty minutes of debate on H.R. 3390.

  5. House

    Considered under suspension of the rules. (consideration: CR H2076-2078; text: CR H2076-2077)

  6. House

    Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.

  7. House

    Placed on the Union Calendar, Calendar No. 191.

  8. House

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-234.

  9. House

    Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 1.

  10. House

    Committee Consideration and Mark-up Session Held

  11. House

    Committee Consideration and Mark-up Session Held

  12. House

    Referred to the House Committee on Financial Services.

Show 1 earlier actions

  1. Introduced in House