Bringing the Discount Window into the 21st Century Act

Sponsored byRep. De La Cruz, Monica [R-TX-15]TX· Introduced 14 May 2025

Open on Congress.gov

Cosponsors

Actions

Amendments

Committees

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Since introduced

Introduced

Committee

Passed Chamber

Passed Both

Enacted

Step 1 of 0

Latest action

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

11 February 2026·5 months ago

Summary

Introduced in House · Updated 4 February 2026

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.

Timeline

16 actions

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
11 February 2026 · IntroReferral
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
9 February 2026 · Floor
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
9 February 2026 · Floor
Considered under suspension of the rules. (consideration: CR H2076-2078; text: CR H2076-2077)
9 February 2026 · Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 3390.
9 February 2026 · Floor
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
9 February 2026 · Floor
Motion to reconsider laid on the table Agreed to without objection.
9 February 2026 · Floor
Placed on the Union Calendar, Calendar No. 191.
4 September 2025 · Calendars
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-234.
4 September 2025 · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-234.
4 September 2025 · Committee
Committee Consideration and Mark-up Session Held
23 July 2025 · Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 1.
23 July 2025 · Committee
Committee Consideration and Mark-up Session Held
22 July 2025 · Committee
Referred to the House Committee on Financial Services.
14 May 2025 · IntroReferral
Introduced in House
14 May 2025 · IntroReferral
Introduced in House
14 May 2025 · IntroReferral

Sponsorship

2 cosponsors

Sponsor

Rep. De La Cruz, Monica [R-TX-15]TX

Cosponsors

Republican2100%

Republican:Rep. Lucas, Frank D. [R-OK-3]OK
Republican:Rep. Meuser, Daniel [R-PA-9]PA

Classification

Policy area

Finance and Financial Sector

Legislative subjects

Banking and financial institutions regulationCongressional oversightCredit and credit marketsFederal Reserve SystemGovernment lending and loan guaranteesGovernment studies and investigationsMonetary policy

Committees

Financial Services Committee
House · Standing
- Referred To14 May 2025
- Markup By22 Jul 2025
- Markup By23 Jul 2025
- Reported By4 Sept 2025
Banking, Housing, and Urban Affairs Committee
Senate · Standing
- Referred To11 Feb 2026

Reports

H. Rept. 119-234

Track Bringing the Discount Window into the 21st Century Act as it moves through Congress