S 4946
117th Congress
Senate
Finance and Financial Sector
Payments Modernization Act of 2022
Introduced: September 22, 2022
Introduced by:
Van Hollen, Chris
Democratic
· Maryland
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
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 22, 2022
Introduced in Senate
Plain-English summary
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
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1
Cosponsors
1