H.R. 3390 · Where this bill is now
In the Senate
Passed the House Feb 9, 2026. Received Feb 11, 2026; no Senate vote yet
What this bill does
In plain words · AI-written from the official summaryFederal Reserve updates its emergency lending system
The Federal Reserve has a special lending program called the discount window that loans money to banks when they need quick cash. This bill tells the Federal Reserve's board to review how well that program works, including whether its technology is modern enough and if its hours of operation make sense. The board then has to create a plan to fix any problems it finds and report back to Congress each year about the progress.
How it affects you
This mainly affects banks and the people who work in banking and finance. For most everyday people, you won't notice a direct change, but a modernized lending system could help banks stay stable during financial emergencies, which matters to the health of the overall financial system that affects everyone's savings and loans.
Read the official summary (Introduced in House, May 14, 2025)
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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 3390
AN ACT
Bringing the Discount Window into the 21st Century Act
Sponsor: Rep. Monica De La Cruz (R-TX-15) · Introduced May 14, 2025 · Finance and Financial Sector · 4 versions of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Feb 11, 2026: “Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.”