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United States · Bill · HR

H.R. 1385 (98th)

Discount Window Standards Act

referredUnited States· United States Congress· EN

Introduced

10 February 1983

Last action

Status

Referred to Subcommittee on Domestic Monetary Policy.

Sponsors

Subjects

Discovery layer

Source updated

29 August 2025

Summary

Discount Window Standards Act - Amends the Federal Reserve Act to revise Federal Reserve bank discount window standards. Provides that, where denial would cause severe damage to the economy or severe unemployment, discounts of 90 days obligations (direct loans) shall be advanced to individuals, partnerships, and corporations. Makes such discounts (direct loans) available to State and local governments solely to assist them to provide basic services to their citizens.

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1 official file

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