Discount Window Enhancement Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 4799 Introduced in Senate (IS)] <DOC> 118th CONGRESS 2d Session S. 4799 To amend the Federal Reserve Act to mandate discount window testing, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES July 25, 2024 Mr. Warner introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To amend the Federal Reserve Act to mandate discount window testing, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Discount Window Enhancement Act of 2024''. SEC. 2. DEMONSTRATION OF ABILITY TO USE THE DISCOUNT WINDOW. (a) In General.--Section 10B of the Federal Reserve Act (12 U.S.C. 347b) is amended by adding at the end the following: ``(c) Requirement for Depository Institutions To Demonstrate Ability To Seek Advances.-- ``(1) Definitions.--In this subsection…