Bringing the Discount Window into the 21st Century Act passed the House 271 days after introduction and awaits a vote in the Senate
Written by the Congressional Research Service [2]. 120 words.
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.
- Committees
- House Financial Services Committee
Senate Banking, Housing, and Urban Affairs Committee - Policy area
- Finance and Financial Sector: 53 of 3,256 bills became law, 113th–118th (1.6%)
- Sponsor
- 2 of 61 bills enacted since 2013
- Text versions
- 4, from introduced in house to referred in senate · 941 words
- Subjects
- Banking and financial institutions regulationCongressional oversightCredit and credit marketsFederal Reserve SystemGovernment lending and loan guaranteesGovernment studies and investigations +1 more
- Latest action
- Feb 11, 2026: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Records
- Congress.gov · Bill text
Each bill appears once, under its strongest link. 2 in all.
Related, per CRS or House · 2
- 119th H.R. 6955 Main Street Capital Access Act R · Passed one chamber
- 119th S. 5465 Bringing the Discount Window into the 21st Century Act D · Introduced