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H.R. 3390119th CongressPassed one chamberLatest action Feb 11, 2026Decoded by AI · checked against the record
Official title: Bringing the Discount Window into the 21st Century Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
HR 3390 requires the Federal Reserve to review and modernize the discount window lending system, with reports to Congress.
40-second read · 4 questions answered below
The bill requires the Federal Reserve to study whether its discount window, which lets banks borrow directly from the Fed during cash shortages, uses modern technology, communication, cybersecurity, and hours of operation. The Fed must start the review within 60 days, finish within 240 days, take public comments, and create a written improvement plan with timelines.
The Federal Reserve System and banks that use the discount window are directly affected; consumers and the broader economy could be indirectly affected through banking system stability.
A more modern discount window could help prevent or reduce the impact of banking crises, though the bill does not change interest rates or lending rules directly.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it passed the House, and the official record shows nothing new since. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.