S4585-119

In Committee

Discount Window Preparedness Act

119th Congress Introduced May 20, 2026

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

The bill provides demonstration of ability to use the discount window Section 10B of the Federal Reserve Act (12 U.S.C. It relies on definition changes, appropriations, reporting requirements, and compliance mandates. The main policy areas are Housing and Finance.

Who Benefits and How

The main beneficiaries are the people, organizations, or agencies identified in the bill's substantive provisions.

Who Bears the Burden and How

Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Homeowners, tenants, or housing market participants affected by the bill would take on compliance duties, and Financial services firms and customers affected by the bill would take on compliance duties.

Key Provisions

  • Provides demonstration of ability to use the discount window Section 10B of the Federal Reserve Act (12 U.S.C.

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

The bill provides demonstration of ability to use the discount window Section 10B of the Federal Reserve Act (12 U.S.C.

Key Policy Areas

Housing, Finance

Primary Purpose

The bill provides demonstration of ability to use the discount window Section 10B of the Federal Reserve Act (12 U.S.C.

Policy Domains

Housing Finance

Whole bill

Identified Costs
  • Federal, state, or local agencies responsible for implementing the clause
  • Homeowners, tenants, or housing market participants affected by the bill
  • Financial services firms and customers affected by the bill
  • Businesses and employers affected by the bill
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: is
Businesses and employers affected by the bill:
Financial services firms and customers affected by the bill:
Homeowners, tenants, or housing market participants affected by the bill:
Federal, state, or local agencies responsible for implementing the clause:

Legislative Progress

In Committee
Introduced Committee Passed
May 20, 2026

Read twice and referred to the Committee on Banking, Housing, …

May 20, 2026

Introduced in Senate

May 20, 2026

Mr. Warner (for himself and Mr. Kennedy) introduced the following …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Housing Finance

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