H.R. 3390 Passed the House Finance and Financial Sector

Bringing the Discount Window into the 21st Century Act

To amend the Federal Reserve Act to require the Board of Governors of the Federal Reserve System to carry out a review of discount window operations and to implement improvements to such operations, and for other purposes.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. De La Cruz, Monica [R-TX-15] Introduced May 14, 2025 Cosponsors 2 (2 R) Latest action February 11, 2026

Summary

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.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

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

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