# 119-s-5465: Bringing the Discount Window into the 21st Century Act

119-s-5465, Bringing the Discount Window into the 21st Century Act, is a 119th Congress bill sponsored by Sen. Cortez Masto, Catherine [D-NV] (D-NV); status introduced; PRIA reads it as touching household money (as of 2026-10-10).

- Canonical: https://policyrisk.com/legislation/119-s-5465
- As of: 2026-10-10
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-5465
- Congress: 119
- Title: Bringing the Discount Window into the 21st Century Act
- Status: introduced
- Introduced: 2026-09-23
- Sponsor: Sen. Cortez Masto, Catherine [D-NV] (D-NV)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-10-10

## Summary

**Modernize the Federal Reserve's discount window to improve how the Fed lends short‑term liquidity to banks and how regulators oversee that function.** The bill would force a fast, public review and require a written remediation plan to fix technology, access, communications, and stigma that limit timely liquidity support.

## Cosponsors (1)

- Sen. Rounds, Mike [R-SD] (R-SD), 2026-09-23T00:00:00.000Z

## Provisions PRIA read

- Stronger oversight for Fed discount window: benefit, high. If enacted, the bill would require the Federal Reserve Board to start a full review of the discount window within 60 days and finish within 240 days. The Board would give draft materials to the OCC, FDIC, FHFA, and the Treasury for feedback and deliver an initial report and a written remediation pl…

## Related bills

- 119-s-2234: Reducing Homelessness Through Program Reform Act
- 119-s-3659: SECURE Minerals Act of 2026
- 119-s-5283: Momnibus Act
- 119-s-1260: Rural Housing Service Reform Act of 2025
- 119-s-890: Choice in Affordable Housing Act of 2025
- 119-s-554: United States-Israel Defense Partnership Act of 2025

## Sources
- [119-s-5465 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/5465)

## Related
- [119-s-2234: Reducing Homelessness Through Program Reform Act](https://policyrisk.com/legislation/119-s-2234)
- [119-s-3659: SECURE Minerals Act of 2026](https://policyrisk.com/legislation/119-s-3659)
- [119-s-5283: Momnibus Act](https://policyrisk.com/legislation/119-s-5283)
- [119-s-1260: Rural Housing Service Reform Act of 2025](https://policyrisk.com/legislation/119-s-1260)
- [119-s-890: Choice in Affordable Housing Act of 2025](https://policyrisk.com/legislation/119-s-890)
- [119-s-554: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-s-554)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-5465 (as of 2026-10-10).