Monica De La Cruz (R-TX)
Bringing the Discount Window into the 21st Century Act
A Republican bill with 2 Republican cosponsors · See all 2 cosponsors
Last activity — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
In the other chamber's committee
Passed one chamber and has been handed to a committee in the other.
The committee decides whether it goes any further, and most bills that reach a committee never leave it. A committee that simply does nothing kills a bill without anyone ever voting against it, so no news from here is usually the news.
Its path through Congress
- Introduced
- Passed House voice vote
- In Senate committee
The House by voice vote (members called out yes or no together): no member's position on it was recorded.
What this bill would do
This Act, titled the "Bringing the Discount Window into the 21st Century Act," directs the Board of Governors of the Federal Reserve System to conduct a comprehensive review of discount window lending programs. The review must evaluate several factors, including liquidity provision, technology infrastructure, cybersecurity, and communication effectiveness. Following the review, the Board is required to develop a written plan to fix any deficiencies and implement necessary improvements. The Board must also submit a report of its findings and plan to Congress within one year. Additionally, the Act mandates annual reports to Congress regarding the progress of these enhancements. The law will be repealed once the Board notifies Congress that the remediation plan is fully implemented.
Yes· 3 of 6
- Scored +4
Does this better protect the country from computer attacks?
The bill mandates a review of cybersecurity measures specifically for discount window operations to strengthen financial security.
- Scored +3
Is this likely to grow the economy?
By enhancing liquidity provision and financial stability, the bill helps mitigate systemic risks to economic growth.
- Scored +3
Does this make what the government does easier for the public to see?
The bill enhances transparency by requiring annual reports to Congress and the publication of remediation plans online.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Improved Financial Stability: The review examines how the discount window can help financial institutions respond to rapid liquidity shortfalls and prevent broader financial instability (Section 2, Subparagraph B, clause viii).
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Enhanced Technology and Security: The bill mandates a consideration of whether technology infrastructure and cybersecurity measures are sufficient to support the timely provision of liquidity (Section 2, Subparagraph B, clauses ii and iii).
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Better Access to Liquidity: The review looks into reducing the stigma associated with using the discount window and finding ways to improve access, operational efficiency, and transparency for financial institutions (Section s 2, Subparagraph B, clause ix).
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Improved Communication and Oversight: The act requires a review of the effectiveness of communications between various financial entities and the oversight provided by the Board of Governors to ensure consistent access (Section 2, Subparagraph B, clauses iv and v).
Potential Negative Impacts for People
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Risk of Non-Public Information: The bill allows for the creation of a confidential annex in reports that could contain information that might impact monetary policy, financial stability, or cybersecurity if made public (Section 2, Subparagraph F, clause i).
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Potential Risks to Individual Institution Stability: The act notes that certain information could be withheld if its public release would significantly endanger the financial stability of a financial institution (Section 2, Subparagraph F, clause ii).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Is this likely to grow the economy? — By enhancing liquidity provision and financial stability, the bill helps mitigate systemic risks to economic growth. Does this give people more protection from unfair business practices? — Strengthening financial stability measures indirectly protects consumers from banking-related economic shocks.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill enhances transparency by requiring annual reports to Congress and the publication of remediation plans online. Does this give the federal government more power? — The bill increases the oversight and implementation requirements for the Federal Reserve Board of Governors.
- National Security And Foreign Policy
- Does this better protect the country from computer attacks? — The bill mandates a review of cybersecurity measures specifically for discount window operations to strengthen financial security.
- Demographic And Interest Groups
- Would business owners be better off under this? — Improved access and reduced stigma for the discount window can benefit financial institutions and their stakeholders.
- 2/11/2026
- Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2/9/2026
- Motion to reconsider laid on the table Agreed to without objection.
- Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- DEBATE - The House proceeded with forty minutes of debate on H.R. 3390.
- Considered under suspension of the rules. (consideration: CR H2076-2078; text: CR H2076-2077)
- Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- 9/4/2025
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-234.
- Placed on the Union Calendar, Calendar No. 191.
- 7/23/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 1.
- 7/22/2025
- Committee Consideration and Mark-up Session Held
- 5/14/2025
- Referred to the House Committee on Financial Services.
- 2 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Frank LucasRepublican · Oklahoma
Daniel MeuserRepublican · Pennsylvania