Legis Daily

Payments Modernization Act of 2023

USA118th CongressHR-5039| House 
| Updated: 7/27/2023
Ayanna Pressley

Ayanna Pressley

Democratic Representative

Massachusetts

Cosponsors (1)
Stephen F. Lynch (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Payments Modernization Act of 2023 This bill requires depository institutions to make deposits available for withdrawal in real time. Under current law, deposits must be made available according to specified schedules based on the type of deposit. The Government Accountability Office must publish a study on the impact payment delays have on disadvantaged communities.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-3951
Payments Modernization Act of 2019

Bill from Previous Congress

HR 117-8974
Payments Modernization Act of 2022
Jul 18, 2023

Latest Companion Bill Action

S 118-2348
Introduced in Senate
Jul 27, 2023
Introduced in House
Jul 27, 2023
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 116-3951
    Payments Modernization Act of 2019


  • Bill from Previous Congress

    HR 117-8974
    Payments Modernization Act of 2022


  • July 18, 2023

    Latest Companion Bill Action

    S 118-2348
    Introduced in Senate


  • July 27, 2023
    Introduced in House


  • July 27, 2023
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • S 118-2348: Payments Modernization Act of 2023

Payments Modernization Act of 2023

USA118th CongressHR-5039| House 
| Updated: 7/27/2023
Payments Modernization Act of 2023 This bill requires depository institutions to make deposits available for withdrawal in real time. Under current law, deposits must be made available according to specified schedules based on the type of deposit. The Government Accountability Office must publish a study on the impact payment delays have on disadvantaged communities.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-3951
Payments Modernization Act of 2019

Bill from Previous Congress

HR 117-8974
Payments Modernization Act of 2022
Jul 18, 2023

Latest Companion Bill Action

S 118-2348
Introduced in Senate
Jul 27, 2023
Introduced in House
Jul 27, 2023
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 116-3951
    Payments Modernization Act of 2019


  • Bill from Previous Congress

    HR 117-8974
    Payments Modernization Act of 2022


  • July 18, 2023

    Latest Companion Bill Action

    S 118-2348
    Introduced in Senate


  • July 27, 2023
    Introduced in House


  • July 27, 2023
    Referred to the House Committee on Financial Services.
Ayanna Pressley

Ayanna Pressley

Democratic Representative

Massachusetts

Cosponsors (1)
Stephen F. Lynch (Democratic)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • S 118-2348: Payments Modernization Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted