S. 2243 · 116th Congress
Payments Modernization Act of 2019
- Stage
- In committee
- Sponsor
- Chris Van Hollen
- Introduced
- 2019-07-24
- Latest action
- 2019-07-30 · Committee on Banking, Housing, and Urban Affairs. Hearings held.
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.