119th Congress Finance and Financial Sector
H.R. 3390: Bringing the Discount Window into the 21st Century Act
Passed House
- Introduced (completed)
- Passed House (completed)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Read the full summary
The bill requires annual reports to Congress regarding the plan.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Frank Lucas R-OKOriginal
- Daniel Meuser R-PAOriginal
Who scored on this bill
- 1Mónica De La Cruz SponsorIntroduced, marked up, reported, passed House4 events+62
- 2Frank LucasCosponsored; cosponsored bill passed2 events+4
- 2Daniel MeuserCosponsored; cosponsored bill passed2 events+4
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Mónica De La Cruz
History
- Passed the House by voice vote.
- Introduced in the House by Mónica De La Cruz.
Show the full action history (14 actions)
- Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- Considered under suspension of the rules. (consideration: CR H2076-2078; text: CR H2076-2077)
- DEBATE - The House proceeded with forty minutes of debate on H.R. 3390.
- 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.
- Motion to reconsider laid on the table Agreed to without objection.
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-234.
- Placed on the Union Calendar, Calendar No. 191.
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 1.
- Committee Consideration and Mark-up Session Held
- Introduced in House
- Referred to the House Committee on Financial Services.