A bill 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.
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Summary
Based on the bill's title, it would amend the Federal Reserve Act to require the Board of Governors of the Federal Reserve System to review its discount window operations and implement improvements to them. The discount window is the Federal Reserve's lending facility for depository institutions. The full text was not available, so specific provisions and mechanisms cannot be confirmed. The bill was read twice and referred to the Senate Committee on Banking, Housing, and Urban Affairs.
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