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HR 3242 118th Congress Finance and Financial Sector

To amend the Federal Reserve Act to establish a permanent Bank Term Funding Program to provide member banks and other depository institutions with short-term liquidity against long-term assets.

Introduced: May 11, 2023 See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
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APA
U.S. Congress. (2026). H.R. 3242: To amend the Federal Reserve Act to establish a permanent Bank Term Funding Program to provide member banks and other depository institutions with short-term liquidity against long-term assets.. 118th Congress. Open America. https://openamerica.io/bill/118-HR-3242/
MLA
"H.R. 3242: To amend the Federal Reserve Act to establish a permanent Bank Term Funding Program to provide member banks and other depository institutions with short-term liquidity against long-term assets.." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-3242/.
Bluebook (legal)
H.R. 3242, 118th Cong. (2026), https://openamerica.io/bill/118-HR-3242/.
Markdown link
[H.R. 3242: To amend the Federal Reserve Act to establish a permanent Bank Term Funding Program to provide member banks and other depository institutions with short-term liquidity against long-term assets.](https://openamerica.io/bill/118-HR-3242/)
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