H.R. 3390 explained · 119th Congress · Pending in Congress
Bringing the Discount Window into the 21st Century Act
Cosponsors: 2 (0 D, 2 R) · per Congress.gov, 2026-10-09
Introduced: 2025-05-14
Latest action (2026-02-11): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
What H.R. 3390 does, in plain terms
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.
Official summary by the Congressional Research Service, via Congress.gov.
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