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

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 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

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Related & companion bills 1

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Banking, Housing, and Urban Affairs Committee
Senate

Cosponsors 1

Warren, Elizabeth

Massachusetts · Sep 27, 2022

Cite this page click to expand

APA

U.S. Congress. (2026). S. 4946: Payments Modernization Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-S-4946/

MLA

"S. 4946: Payments Modernization Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-4946/.

Bluebook (legal)

S. 4946, 117th Cong. (2026), https://openamerica.io/bill/117-S-4946/.

Markdown link

[S. 4946: Payments Modernization Act of 2022](https://openamerica.io/bill/117-S-4946/)