Skip to main content
HR 3951 116th Congress House Finance and Financial Sector Banking and financial institutions regulation Consumer affairs Federal Reserve System Financial services and investments Public utilities and utility rates

Payments Modernization Act of 2019

Introduced: July 24, 2019 Introduced by: Pressley, Ayanna Democratic · Massachusetts See on congress.gov
Sign in to write a letter Sign in to watch
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
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

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.

What's happening now July 24, 2019

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • S 2243 Related bill Payments Modernization Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 5
D
Cleaver, Emanuel
Missouri · Nov 12, 2019
 D
Lynch, Stephen F.
Massachusetts · Oct 30, 2019
 D
Meeks, Gregory W.
New York · Sep 25, 2019
 D
Tlaib, Rashida
Michigan · Sep 10, 2019
 D
García, Jesús G. "Chuy"
Illinois · Jul 24, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3951: Payments Modernization Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-3951/
MLA
"H.R. 3951: Payments Modernization Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-3951/.
Bluebook (legal)
H.R. 3951, 116th Cong. (2026), https://openamerica.io/bill/116-HR-3951/.
Markdown link
[H.R. 3951: Payments Modernization Act of 2019](https://openamerica.io/bill/116-HR-3951/)
Report a problem