U.S. Congress legislation · 119th Congress
HB3390: Bringing the Discount Window into the 21st Century Act
Status: Passed one chamber, February 11, 2026
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.
What the bill says
An 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.
From the introduced text, February 11, 2026:
AN 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. SECTION 1. Short title This Act may be cited as the Bringing the Discount Window into the 21st Century Act . SECTION 2. Review of discount window operations Section 10 of the Federal Reserve Act ( 12 U.S.C. 241 et seq. ) is amended-- (1) by redesignating paragraph (12) as paragraph (11); and (2) by adding at the end the (ii) whether the technology infrastructure, including means of communications, are sufficient to support the timely provision of liquidity, including in times of financial stress; (iii) the effectiveness of cybersecurity measures implemented with respect to discount window operations; (iv) the effectiveness of communications between Federal reserve banks, financial institutions, the Board of Governors, the Federal Deposit Insurance Corporation, the Comptroller of the Currency, and the Secretary of the Treasury regarding discount window operations; (v) the effectiveness of the Board of Governors in providing oversight of the discount window and in ensuring consistent access to the discount window across the Federal Reserve System; (vi) how the discount window interacts with other providers of liquidity, including the Federal Home Loan Banks, during both normal …
Sponsors
- Monica De La Cruz (R, 15) · primary sponsor
- Dan Meuser (R, HD-009)
- Frank Lucas (R)
Latest actions
- : Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- : Motion to reconsider laid on the table Agreed to without objection.
- : On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- : Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- : DEBATE - The House proceeded with forty minutes of debate on H.R. 3390.
- : Considered under suspension of the rules. (consideration: CR H2076-2078; text: CR H2076-2077)
- : Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- : Placed on the Union Calendar, Calendar No. 191.
- : Reported (Amended) by the Committee on Financial Services. H. Rept. 119-234.
- : Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 1.
Subjects: Banking and financial institutions regulation, Local government: investments and deposits., Government lending and loan guarantees, Finance and Financial Sector, Government studies and investigations, Monetary policy, Federal Reserve System, Congressional oversight
Common questions
- What is HB3390?
- HB3390 is a bill in Congress (119th Congress): Bringing the Discount Window into the 21st Century Act.
- What does HB3390 do?
- In its own words: An 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.
- What is the status of HB3390?
- Passed one chamber as of February 11, 2026. Latest action: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (February 11, 2026).
- Who sponsored HB3390?
- Monica De La Cruz (R, 15), with 2 co-sponsors.
- Where is the official record for HB3390?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/3390
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.