S. 4585: Discount Window Preparedness Act

S. 4585 is a federal bill in the 119th Congress. Before this bill, banks and credit unions were not legally required to regularly test their operational readiness to borrow emergency funds, known as advances or discount window loans, from the Federal Reserve. Under this bill, depository institutions with… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.