H. R. 8288 requires the Board of Governors of the Federal Reserve System to review how the discount window lending programs work, focusing on their effectiveness, technology, and cybersecurity. The bill mandates public participation in the review process and requires the...
Simple Explanation
The bill wants a group of people who help with money in the country, called the Federal Reserve, to check how they lend money to banks to see if they're doing a good job. They need to tell everyone what they find and how they can do better, but they have to keep some secrets safe so nothing bad happens.