U.S. Congress legislation · 119th Congress
SB5465: Bringing the Discount Window into the 21st Century Act
Status: In committee, September 23, 2026
A bill 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
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, September 23, 2026:
A BILL 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 (a) In general 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 and (ii) not later than 240 days after the date of enactment of this Act, complete the review required under clause (i). (B) Contents The review required by subparagraph (A) shall include a consideration of-- (i) the effectiveness of the discount window in providing liquidity to financial institutions, including in times of financial stress; (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, the Federal Deposit Insurance Corporation, the Comptroller of the Currency, the Federal Housing Finance …
Sponsors
- Cortez Masto, Catherine (D) · primary sponsor
- Rounds, Mike (R)
Latest actions
- : Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- : Introduced in Senate
Subjects: Finance and Financial Sector
Common questions
- What is SB5465?
- SB5465 is a bill in Congress (119th Congress): Bringing the Discount Window into the 21st Century Act.
- What does SB5465 do?
- In its own words: 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 SB5465?
- In committee as of September 23, 2026. Latest action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (September 23, 2026).
- Who sponsored SB5465?
- Cortez Masto, Catherine (D), with 1 co-sponsor.
- Where is the official record for SB5465?
- On the Congress website: https://www.congress.gov/bill/119th-congress/senate-bill/5465
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.