Bringing the Discount Window into the 21st Century Act

This bill requires the Federal Reserve to review and improve its discount window lending program, which provides loans to banks to help them stay secure and have enough cash available. The review must look at things like whether the technology works well enough, if the hours the discount window operates are effective, and how it works with other sources of funding during normal times and financial emergencies. The Federal Reserve must create a plan to fix any problems they find, set deadlines for making improvements, and report to Congress every year about their progress.

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