Bill · S. 5465· Senate(119-S-5465)
Bringing the Discount Window into the 21st Century Act
- Introduced
- 9/23/2026
- Last activity
- 9/23/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Catherine Cortez Masto
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill is called the Bringing the Discount Window into the 21st Century Act. It requires the Board of Governors of the Federal Reserve System to conduct a thorough review of its discount window lending programs. The Federal Reserve must look at things like technology, cybersecurity, operating hours, and how to reduce the stigma of using these programs. After the review, the Board has to create a written remediation plan to fix any problems found. The Board must also submit a report on their findings and plans to specific committees in Congress within 365 days. Finally, the bill requires ongoing annual reports from both the Board and the Inspector General to keep Congress updated on their progress.
Yes
Does this make what the government does easier for the public to see?+6
The bill mandates comprehensive reporting to Congress and ongoing annual progress reports regarding Federal Reserve discount window operations.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Better Oversight and Accountability: Under Section 2, adding paragraph (12)(D) and paragraph (12)(E), the Federal Reserve Board is required to report directly to Congress, share their findings with other financial agencies, and have the Chairman testify about the review. Furthermore, annual progress reports from the Inspector General ensure our elected officials can hold the Federal Reserve accountable for fixing problems.
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Improving Crisis Response and Technology: Under Section 2, adding paragraph (12)(B), the review must evaluate technology infrastructure, cybersecurity measures, operating hours, and how mobile banking affects liquidity. Fixing these areas can help financial institutions respond better to rapid money shortages and prevent broader financial instability for the people.
Potential Negative Impacts for People
- The provided text does not contain any specific provisions outlining negative consequences, burdens, or explicit harms for individuals or groups of people in the United States.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Governance And Ideology
- Improves Government Transparency+6
- 9/23/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
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.
Mike RoundsRepublican · South Dakota