To amend the Federal Reserve Act to establish a permanent Bank Term Funding Program to provide member banks and other depository institutions with short-term liquidity against long-term assets.

[AI summary unavailable — showing source text] This bill establishes the Bank Term Funding Program, which allows a Federal Reserve bank to make advances to depository institutions that pledge certain collateral fully guaranteed by the United States. An advance must be made available with a term of up to one year.…