Payments Modernization Act of 2019
United States116th CongressHR-3951House of Representatives
Updated: Jul 24, 2019
Summary
Payments Modernization Act of 2019 This bill requires the Federal Reserve Board to create a real-time payment system that allows funds to be available to any end user in real time, including funds deposited at a depository institution.
Bill texts
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Timeline
Latest companion bill action
S-2243: Payments Modernization Act of 2019Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-104.
Introduced in House
Referred to the House Committee on Financial Services.
House of Representatives
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