; and (B) by striking lowest discount rate and inserting highest discount rate . 4. Congressional accountability for emergency lending programs Section 13(3) of the Federal Reserve Act ( 12 U.S.C. 343(3) ), as amended by section 3, is further amended— (1) in subparagraph (A)— (A) by inserting that pose a threat to the financial stability of the United States after unusual and exigent circumstances ; and (B) by striking the affirmative vote of not less than five members and inserting the prior approval of the Secretary of the Treasury and not less than 2/3 of the members of the Federal Open Market Committee ; (2) in subparagraph (B)— (A) in clause (i), by inserting at the end the following: Federal reserve banks may not accept equity securities issued by the recipient of any loan or other financial assistance under this paragraph as collateral. Not later than 6 months after the date of the enactment of this sentence, the Board shall, by rule, establish— (I) a method for determining the sufficiency of the collateral required under this paragraph; (II) acceptable classes of collateral; (III) the amount of any discount on the value of the collateral that the Federal reserve banks will apply for purposes of calculating the sufficiency of collateral under this paragraph; and (IV) a method for obtaining independent appraisals of the value of collateral the Federal reserve banks receive. ; (B) in clause (ii)— (i) by striking the second sentence; and (ii) by inserting after the first sentence the following: A borrower shall not be eligible to borrow from any emergency lending program or facility unless the Board and all Federal banking regulators with jurisdiction over the borrower certify that, at the time the borrower initially borrows under the program or facility, the borrower is not insolvent. ; and (C) by striking clause (iv); (3) by inserting financial institution before participant each place such term appears; (4) in subparagraph (D)(i), by inserting financial institution before participants