Bringing the Discount Window into the 21st Century Act
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Topic: Finance and Financial Sector
Sponsor: Rep. De La Cruz, Monica [R-TX-15] (R) - TX
Summary
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.
Legislative Subjects
Banking and financial institutions regulation; Congressional oversight; Credit and credit markets; Federal Reserve System; Finance and Financial Sector; Government lending and loan guarantees; Government studies and investigations; Monetary policy
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2026-02-11
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