S 2243
116th Congress
Senate
Commerce
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:
Van Hollen, Chris
Democratic
· Maryland
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 30, 2019
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-104.
Jul 24, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 24, 2019
Introduced in Senate
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
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-104.
Committees of jurisdiction
1
Cosponsors
1