HR 8974 117th Congress House Finance and Financial Sector

Payments Modernization Act of 2022

Introduced: September 22, 2022 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

Sep 22, 2022

Referred to the House Committee on Financial Services.

Sep 22, 2022

Introduced in House

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Plain-English summary Congressional Research Service

Payments Modernization Act of 2022

This bill requires the Federal Reserve Board to create a real-time payment system that allows funds to be available to any end user immediately at any time, including funds deposited at a depository institution.

What's happening now September 22, 2022

Referred to the House Committee on Financial Services.

Related & companion bills 1

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Financial Services Committee
House of Representatives

Cosponsors 1

García, Jesús G. "Chuy"

Illinois · Sep 22, 2022

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APA

U.S. Congress. (2026). H.R. 8974: Payments Modernization Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-HR-8974/

MLA

"H.R. 8974: Payments Modernization Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-8974/.

Bluebook (legal)

H.R. 8974, 117th Cong. (2026), https://openamerica.io/bill/117-HR-8974/.

Markdown link

[H.R. 8974: Payments Modernization Act of 2022](https://openamerica.io/bill/117-HR-8974/)