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Bringing the Discount Window into the 21st Century Act
2/12/2026, 11:56 AM
Summary of Bill HR 3390
H.R. 3390, introduced in the 119th Congress on May 14, 2025, aims to amend the Federal Reserve Act to mandate a review by the Board of Governors of the Federal Reserve System on discount window operations with the goal of implementing enhancements to these operations.
Congressional Summary of HR 3390
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.
Read the Full Bill
Current Status of Bill HR 3390
Bill HR 3390 is currently in the status of Passed in House since February 9, 2026. Bill HR 3390 was introduced during Congress 119 and was introduced to the House on May 14, 2025. Bill HR 3390's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of February 11, 2026
Bipartisan Support of Bill HR 3390
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
0Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 3390
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill HR 3390
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.
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.
Comments
Sponsors and Cosponsors of HR 3390
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