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Modernizing Bank Financial Support: Review and Improvements

This act requires the Federal Reserve to review and improve its "discount window" operations, a lending mechanism for banks. The goal is to ensure financial stability, especially during stressful times, and to enhance the accessibility and effectiveness of this support, indirectly protecting citizens' savings and the banking system's stability.
Key points
The Federal Reserve must conduct a comprehensive review of how banks access emergency loans to ensure liquidity.
The aim is to improve technology, communication, and cybersecurity within the emergency lending system to prevent financial crises.
The act seeks to reduce the stigma associated with banks using this support, increasing their ability to respond quickly to liquidity shortfalls and protect citizen deposits.
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Status: Passed House
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Additional Information
Print number: 119_HR_3390
Sponsor: Rep. De La Cruz, Monica [R-TX-15]
Process start date: 2025-05-14
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Bringing the Discount Window into the 21st Century Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3390.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-05-14.

What are the main provisions?

Key points include:

  • The Federal Reserve must conduct a comprehensive review of how banks access emergency loans to ensure liquidity.
  • The aim is to improve technology, communication, and cybersecurity within the emergency lending system to prevent financial crises.
  • The act seeks to reduce the stigma associated with banks using this support, increasing their ability to respond quickly to liquidity shortfalls and protect citizen deposits.
What is the specific legal status?

The current status is Passed House.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. De La Cruz, Monica [R-TX-15].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy