WASHINGTON, May 20 -- Sen. Mark R. Warner issued the following press release:
U.S. Sens. Mark R. Warner (D-VA) and John Kennedy (R-LA), members of the Senate Committee on Banking, Housing, and Urban Affairs, introduced the Discount Window Preparedness Act of 2026, legislation to improve the effectiveness of the Federal Reserve discount window, a liquiditytool that provides short-term loans to depository institutions, such as commercial and community banks in order to support the liquidity and stability of the banking system, and help implement monetary policy effectively. First established in 1913 with the creation of the Federal Reserve, the discount window remains, more than 110 years later, a critical tool for ensuring the safety and so...