Bringing the Discount Window into the 21st Century Act
Introduced May 14, 2025 by Rep. Monica De La Cruz
The House passed it. The Senate has to pass it before it can reach the President.
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.
No recorded roll-call vote on this bill — it may have passed by voice vote or unanimous consent, which don't record individual votes.
- Feb 11, 2026Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Feb 9, 2026Motion to reconsider laid on the table Agreed to without objection.
- Feb 9, 2026On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- Feb 9, 2026Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- Feb 9, 2026DEBATE - The House proceeded with forty minutes of debate on H.R. 3390.
- Feb 9, 2026Considered under suspension of the rules. (consideration: CR H2076-2078; text: CR H2076-2077)
- Feb 9, 2026Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- Sep 4, 2025Placed on the Union Calendar, Calendar No. 191.
- Sep 4, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-234.
- Jul 23, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 1.
- Jul 23, 2025Committee Consideration and Mark-up Session Held
- Jul 22, 2025Committee Consideration and Mark-up Session Held
- May 14, 2025Referred to the House Committee on Financial Services.
- May 14, 2025Introduced in House