H.R. 3390
Requires Federal Reserve review of discount window
The Federal Reserve must review its discount window lending program, write a plan to fix problems, and report to Congress each year.
- The discount window gives loans to banks to support their security and liquidity
- The review must check its technology, operating hours, and how it works with other lenders
- The plan must set timelines and milestones for fixing any problems found
- The Federal Reserve must report to Congress every year on the plan
Passed the House · Senate's turn