Ask AI
Bill119th CongressFiled May 14, 2025Finance and Financial Sector
H.R. 3390

Bringing the Discount Window into the 21st Century Act

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
Floor
Both
Law

What it doesSummary introduced in house (May 14, 2025)

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.

What just happenedFeb 11, 2026

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

Who’s behind it

Rep. De La Cruz, Monica [R-TX-15](R-TX)Sponsor
2 cosponsors2 R
Read on Congress.gov
2cosponsors2committees16actions1related bills7subjects
  1. Feb 11, 2026IntroReferral

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

    Banking, Housing, and Urban Affairs Committee
  2. Feb 9, 2026FloorH38310

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

  3. Feb 9, 2026FloorH37300

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

  4. Feb 9, 2026Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

  5. Feb 9, 2026FloorH8D000

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

  6. Feb 9, 2026FloorH30000

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

  7. Feb 9, 2026FloorH30300

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

  8. Sep 4, 2025CalendarsH12410

    Placed on the Union Calendar, Calendar No. 191.

  9. Sep 4, 2025CommitteeH12200

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

    Financial Services Committee
  10. Sep 4, 2025Committee5000

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

    Financial Services Committee
  11. Jul 23, 2025Committee

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

    Financial Services Committee
  12. Jul 23, 2025Committee

    Committee Consideration and Mark-up Session Held

    Financial Services Committee
  13. Jul 22, 2025Committee

    Committee Consideration and Mark-up Session Held

    Financial Services Committee
  14. May 14, 2025IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  15. May 14, 2025IntroReferralIntro-H

    Introduced in House

  16. May 14, 2025IntroReferral1000

    Introduced in House

Bringing the Discount Window into the 21st Century Act — Informed