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BillS 4585 · 119

Discount Window Preparedness Act

Introduced
May 20, 2026
Cosponsors
1
Traction
0
Last Action
May 20, 2026

Bill Summary

Requires the Federal Reserve to prepare and publicly disclose plans for operating the discount window during times of economic stress. Establishes procedures for the Federal Reserve to follow in emergency lending situations.

Sponsored By

Mark R. Warner
Democrat · Virginia · Senate

Bill Journey

  1. May 20, 2026
  3. May 20, 2026You Are Here

    The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.

  4. TBD

    The full chamber debates the bill, may amend it, and votes on whether to pass it.

  5. TBD

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  6. TBD

    If passed by both chambers, the bill goes to the President to sign into law or veto.

Why It Matters

This bill affects banks and other financial institutions by outlining the procedures they must follow to receive emergency loans from the Federal Reserve. It also impacts the general public by promoting transparency in the Federal Reserve's emergency lending practices.

Impact Areas

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
1backer
  • Democratic1
Cross-party cosponsors0 · 0%

Documents

1

Full text opens on congress.gov, the official source.

Bill Details

Bill TypeSenate Bill · Federal
Primary TopicMoney & Economy
CommitteeCommittee on Banking
IntroducedMay 20, 2026
Last UpdatedMay 20, 2026
Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Subjects
  • Economy
  • Climate

Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.