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
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
Plain-English 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.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1