Skip to main content
HR 5039 118th Congress House Finance and Financial Sector

Payments Modernization Act of 2023

Introduced: July 27, 2023 Introduced by: Pressley, Ayanna Democratic · Massachusetts See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 27, 2023
Referred to the House Committee on Financial Services.
Jul 27, 2023
Introduced in House
 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 2023

This bill requires depository institutions to make deposits available for withdrawal in real time. Under current law, deposits must be made available according to specified schedules based on the type of deposit. 

The Government Accountability Office must publish a study on the impact payment delays have on disadvantaged communities. 

What's happening now July 27, 2023

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • S 2348 Identical bill Payments Modernization Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Lynch, Stephen F.
Massachusetts · Jul 27, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5039: Payments Modernization Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-5039/
MLA
"H.R. 5039: Payments Modernization Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-5039/.
Bluebook (legal)
H.R. 5039, 118th Cong. (2026), https://openamerica.io/bill/118-HR-5039/.
Markdown link
[H.R. 5039: Payments Modernization Act of 2023](https://openamerica.io/bill/118-HR-5039/)
Report a problem