today joined Sen. Mark Warner (D-Va.) in introducing the Discount Window Preparedness Act, a bipartisan bill to reduce stigma around the Federal Reserve discount window and improve its effectiveness as a liquidity tool for commercial and community banks.
John Kennedy promises to support legislation to reduce stigma around the Federal Reserve discount window and improve its effectiveness for commercial and community banks.
Occurrences
Evidence
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5/21/26 Kennedy, Warner introduce bipartisan legislation to modernize the Federal Reserve Discount Window
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Mr. Warner (for himself and Mr. Kennedy) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
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statutory changes necessary to reduce the stigma associated with, and otherwise improve the process for, such advances.
Assessments
The promise was to support legislation on the Federal Reserve discount window, not necessarily to enact a final law. In May 2026, Kennedy introduced bipartisan legislation with Sen. Warner to modernize the discount window, which is direct, material support for the stated policy goal and satisfies the promise within his current Senate term.