To require the Board of Governors of the Federal Reserve System to carry out a quantitative impact study of any proposed real-time payment system under the Faster Payments Initiative before implementing such system.
USA116th CongressHR-3939| House
| Updated: 7/24/2019
Ted Budd
Republican Representative
North Carolina
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill prohibits the Federal Reserve Board from developing, building, or implementing a real-time payment system until one year after submitting a report to Congress regarding such a system. This report must include a quantitative impact study.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
Banking and financial institutions regulationComputer security and identity theftCongressional oversightConsumer affairsFinancial services and investmentsGovernment information and archivesGovernment studies and investigationsPublic-private cooperation
To require the Board of Governors of the Federal Reserve System to carry out a quantitative impact study of any proposed real-time payment system under the Faster Payments Initiative before implementing such system.
USA116th CongressHR-3939| House
| Updated: 7/24/2019
This bill prohibits the Federal Reserve Board from developing, building, or implementing a real-time payment system until one year after submitting a report to Congress regarding such a system. This report must include a quantitative impact study.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ted Budd
Republican Representative
North Carolina
Financial Services Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Banking and financial institutions regulationComputer security and identity theftCongressional oversightConsumer affairsFinancial services and investmentsGovernment information and archivesGovernment studies and investigationsPublic-private cooperation