Payments Modernization Act of 2022

United States117th CongressS-4946Senate
Latest legislative activity: Sep 22, 2022

Summary

Official 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 (Senate)View official text

1 version available

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Timeline

Latest companion bill action

HR-8974: Payments Modernization Act of 2022

Introduced in House

  1. Introduced in Senate

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

    Senate

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