To amend the Federal Reserve Act to require the Board of Governors of the Federal Reserve System to carry out a review of discount window operations and to implement improvements to such operations, and for other purposes.
Sponsors
Legislative Progress
ReportedReported with an amendment, committed to the Committee of the …
Ms. De La Cruz (for herself, Mr. Meuser, and Mr. …
Summary
What This Bill Does
Mandates the Federal Reserve Board to conduct a comprehensive review of discount window operations within 240 days, examining technology infrastructure, cybersecurity, operating hours, and coordination with other liquidity providers.
Who Benefits and How
Financial institutions gain improved discount window access. Financial stability benefits from modernized emergency liquidity. System-wide liquidity provision becomes more effective.
Who Bears the Burden and How
Federal Reserve must complete review within 240 days starting 60 days after enactment. Board must assess coordination with FDIC, OCC, and Treasury. Review must evaluate Federal Home Loan Bank interaction.
Key Provisions
- Review starts within 60 days, completes within 240 days
- Assesses technology, cybersecurity, and communications
- Evaluates operating hours and consistent access across system
- Examines interaction with FHLBs and other liquidity sources
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Requires Federal Reserve review of discount window operations for effectiveness and modernization
Policy Domains
Legislative Strategy
"Modernize Fed emergency lending for financial system resilience"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_board"
- → Board of Governors of Federal Reserve
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology