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Payments Modernization Act of 2023

USA118th CongressS-2348| Senate 
| Updated: 7/18/2023
Chris Van Hollen

Chris Van Hollen

Democratic Senator

Maryland

Cosponsors (1)
Elizabeth Warren (Democratic)

Banking, Housing, and Urban Affairs 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.
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Timeline

Bill from Previous Congress

S 117-4946
Payments Modernization Act of 2022

Bill from Previous Congress

S 116-2243
Payments Modernization Act of 2019
Jul 18, 2023
Introduced in Senate
Jul 18, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 27, 2023

Latest Companion Bill Action

HR 118-5039
Introduced in House
  • Bill from Previous Congress

    S 117-4946
    Payments Modernization Act of 2022


  • Bill from Previous Congress

    S 116-2243
    Payments Modernization Act of 2019


  • July 18, 2023
    Introduced in Senate


  • July 18, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • July 27, 2023

    Latest Companion Bill Action

    HR 118-5039
    Introduced in House

Finance and Financial Sector

Related Bills

  • HR 118-5039: Payments Modernization Act of 2023

Payments Modernization Act of 2023

USA118th CongressS-2348| Senate 
| Updated: 7/18/2023
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

S 117-4946
Payments Modernization Act of 2022

Bill from Previous Congress

S 116-2243
Payments Modernization Act of 2019
Jul 18, 2023
Introduced in Senate
Jul 18, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 27, 2023

Latest Companion Bill Action

HR 118-5039
Introduced in House
  • Bill from Previous Congress

    S 117-4946
    Payments Modernization Act of 2022


  • Bill from Previous Congress

    S 116-2243
    Payments Modernization Act of 2019


  • July 18, 2023
    Introduced in Senate


  • July 18, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • July 27, 2023

    Latest Companion Bill Action

    HR 118-5039
    Introduced in House
Chris Van Hollen

Chris Van Hollen

Democratic Senator

Maryland

Cosponsors (1)
Elizabeth Warren (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 118-5039: Payments Modernization Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted