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H.R. 3390 House Finance and Financial Sector

Bringing the Discount Window into the 21st Century Act

Introduced
May 14, 2025
Sponsor
Rep. De La Cruz, Monica (R-TX-15)
View on Congress.gov (opens in a new tab)

STAGE 4 OF 8 — HOUSE FLOOR

Currently in the House. Last action: received in the senate and read twice and referred to the committee on banking, housing, and urban affairs on Feb 11, 2026.

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

Cosponsors

2

Subjects

Banking and financial institutions regulationCongressional oversightCredit and credit marketsFederal Reserve SystemGovernment lending and loan guaranteesGovernment studies and investigationsMonetary policy

Committees

  • Banking, Housing, and Urban Affairs Committee
    • [Referred To, Feb 11, 2026]
  • Financial Services Committee
    • [Reported By, Sep 4, 2025]
    • [Markup By, Jul 23, 2025]
    • [Markup By, Jul 22, 2025]
    • [Referred To, May 14, 2025]

Summary

Bringing the Discount Window into the 21st Century ActThis 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 as of: Introduced in House]

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