Payments Modernization Act of 2022

United States117th CongressHR-8974House of Representatives
Updated: Sep 22, 2022

Summary

Payments Modernization Act of 2022 This bill requires the Federal Reserve Board to create a real-time payment system that allows funds to be available to any end user immediately at any time, including funds deposited at a depository institution.

Bill texts

Available versions
Introduced (House)View official text

1 version available

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Timeline

Latest companion bill action

S-4946: Payments Modernization Act of 2022

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  1. Introduced in House

  2. Referred to the House Committee on Financial Services.

    House of Representatives

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