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HR 3939 116th Congress House Finance and Financial Sector Banking and financial institutions regulation Computer security and identity theft Congressional oversight Consumer affairs Financial services and investments Government information and archives Government studies and investigations Public-private cooperation

To require the Board of Governors of the Federal Reserve System to carry out a quantitative impact study of any proposed real-time payment system under the Faster Payments Initiative before…

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To require the Board of Governors of the Federal Reserve System to carry out a quantitative impact study of any proposed real-time payment system under the Faster Payments Initiative before implementing such system.

Introduced: July 24, 2019 Introduced by: Budd, Ted Republican · North Carolina See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 24, 2019
Referred to the House Committee on Financial Services.
Jul 24, 2019
Introduced in House
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 Plain-English summary Congressional Research Service

This bill prohibits the Federal Reserve Board from developing, building, or implementing a real-time payment system until one year after submitting a report to Congress regarding such a system. This report must include a quantitative impact study.

What's happening now July 24, 2019

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 3939: To require the Board of Governors of the Federal Reserve System to carry out a quantitative impact study of any proposed real-time payment system under the Faster Payments Initiative before implementing such system.. 116th Congress. Open America. https://openamerica.io/bill/116-HR-3939/
MLA
"H.R. 3939: To require the Board of Governors of the Federal Reserve System to carry out a quantitative impact study of any proposed real-time payment system under the Faster Payments Initiative before implementing such system.." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-3939/.
Bluebook (legal)
H.R. 3939, 116th Cong. (2026), https://openamerica.io/bill/116-HR-3939/.
Markdown link
[H.R. 3939: To require the Board of Governors of the Federal Reserve System to carry out a quantitative impact study of any proposed real-time payment system under the Faster Payments Initiative before implementing such system.](https://openamerica.io/bill/116-HR-3939/)
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