US Congress · 119th Congress (2025-2026)

HR 3390In Second Chamber

Bringing the Discount Window into the 21st Century Act

Source of recordUS Congress · congress.govLast synced Jul 18, 2026

Chamber

House

Progress

Where this bill stands in the legislative process.

Introduced
Passed House
Passed Senate
To President
Became Law

Overview

This bill requires the Federal Reserve Board to conduct a comprehensive review of its discount window lending programs. The review will assess the discount window’s effectiveness, technology infrastructure, cybersecurity, and interactions with other liquidity providers. Based on the review, the Board must develop and implement a plan to address any identified deficiencies and submit regular reports to Congress on the progress of the plan.

Key provisions

Requires the Federal Reserve Board to conduct a review of the discount window within 240 days of enactment.
The review must consider the effectiveness of the discount window in providing liquidity, technology infrastructure, cybersecurity, and interactions with other liquidity providers.
The Board must develop and implement a remediation plan to address identified deficiencies.
The remediation plan must include timelines, milestones, and measures to maintain improvements.
The Board must provide a public opportunity to comment on the discount window’s operations.
The Board must submit an annual report to Congress reviewing the effectiveness of the discount window.
The Inspector General must also submit an annual report on the implementation of the remediation plan.
Allows for a confidential annex in reports detailing cybersecurity issues.

Who is affected

Federal Reserve System

Bill text

Read the latest version inline or switch to a previous version.

May 14, 2025XMLView source

Text extraction is in progress. View the official source.

Legislative history

16 recorded actions · showing the most recent 12

Jul 23, 2025House

Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 1.

Jul 23, 2025House

Committee Consideration and Mark-up Session Held

Sep 4, 2025House

Placed on the Union Calendar, Calendar No. 191.

Sep 4, 2025House

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-234.

Sep 4, 2025

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-234.

Feb 9, 2026House

Motion to reconsider laid on the table Agreed to without objection.

Feb 9, 2026House

On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

Feb 9, 2026

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

Feb 9, 2026House

DEBATE - The House proceeded with forty minutes of debate on H.R. 3390.

Feb 9, 2026House

Considered under suspension of the rules. (consideration: CR H2076-2078; text: CR H2076-2077)

Feb 9, 2026House

Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.

Feb 11, 2026Senate

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Votes

Recorded roll calls and chamber actions on this bill.

Passage without roll call

The official record shows passage by unanimous consent or voice vote where no roll call was taken. No member-level tally is available for these steps, and the district map does not apply.

2/9/2026HouseVoice vote
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
No roll-call vote on record for this action.
2/9/2026Voice vote
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
No roll-call vote on record for this action.

Floor votes and chamber actions

Recorded roll calls list how each member voted. Unanimous consent or voice vote appears in the official action history without a roll call; no member-level tally is available for those steps.

Passage without roll call

Feb 9, 2026HouseVoice vote
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
No roll-call vote on record for this action.
Feb 9, 2026Voice vote
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
No roll-call vote on record for this action.

Geography

Recorded positions across the country.

No public positions recorded for this legislation.

Arguments

Reasons offered for and against this legislation.

Arguments in favor

No arguments in favor have been submitted.

Submit yours

Arguments opposed

No arguments opposed have been submitted.

Submit yours

Bringing the Discount Window into the 21st Century Act

Progress