,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #cbdb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,may #aa1 #bjbc,mr4   
,luetkemey] introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,f9ancial  
,s]vices  ,a ,,bill  ,to am5d ! ,f$]al  
,res]ve ,act to e/abli% a p]man5t ,bank 
,t]m ,fund+ ,program to provide memb]   
banks & o!r depository in/itutions )    
%ort-t]m liquidity aga9/ long-t]m       
assets4  #a4 ,f$]al ,res]ve ,bank ,t]m  
,fund+ ,program ,! ,f$]al ,res]ve ,act  
7#ab ,u4,s4,c4 #bba et seq47 is am5d$ by
 ins]t+ aft] section #aj;,b ! foll[+3   
#aj;,c4 ,bank ,t]m ,fund+ ,program  7a7 
,9 g5]al ,!re is e/abli%$ a ,bank ,t]m  
,fund+ ,program1 "u :i* a ,f$]al res]ve 
bank may1 subject to rules e/abli%$ by !
 ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve   
,sy/em1 make advances to eligible       
borr[]s1 subject to eligible collat]al  
pl$g$ by an eligible borr[]4  7b7       
,program requirem5ts ,9 mak+ advances "u
 ! ,bank ,t]m ,fund+ ,program-- 7#a7    
advances may only be made 9 an am\nt up 

to ! am\nt ( ! eligible collat]al pl$g$1
 b advances %all be made ) rec\rse      
beyond ! pl$g$ collat]al2  7#b7 advances
 %all be made at a fix$ rate equal to ! 
"o-ye> ov]night index swap rate plus #aj
 basis po9ts1 z ( ! day ! advance is    
made2  7#c7 collat]al %all be valu$ at  
p> value & m>g9 %all be #ajj p]c5t ( p> 
value2  7#d7 borr[]s %all be all[$ to   
prepay )\t p5alty2  7#e7 advances %all  
be made available ) a t]m ( up to #a    
ye>2 &  7#f7 a ,f$]al res]ve bank may n 
*>ge ! borr[] a fee4  7c7 ,def9itions ,9
 ?is section3  7#a7 ,eligible borr[] ,! 
t]m eligible borr[] means any ,u4,s4    
f$]ally-insur$ bank1 sav+s association1 
or cr$it union or a ,u4,s4 bran* or     
ag5cy ( a =eign bank t is eligible =    
prim>y cr$it 7z def9$ "u section        
#bja4d7;a7 ( title #ab1 ,code ( ,f$]al  
,regulations74  7#b7 ,eligible collat]al
 ,! t]m eligible collat]al includes any 
collat]al eligible = pur*ase by ! ,f$]al
 res]ve banks 9 op5 m>ket op]ations 7z  
describ$ "u section #bja4ajh7;b7 ( title

 #ab1 ,code ( ,f$]al ,regulations74  4