Bill116th CongressFiled Jul 24, 2019Finance and Financial Sector
H.R. 3939
To require the Board of Governors of the Federal Reserve System to carry out a quantitative impact study of any proposed real-time payment system under the Faster Payments Initiative before implementing such system.
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in house (Jul 24, 2019)
This bill prohibits the Federal Reserve Board from developing, building, or implementing a real-time payment system until one year after submitting a report to Congress regarding such a system. This report must include a quantitative impact study.
What just happenedJul 24, 2019
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Budd, Ted [R-NC-13](R-NC)Sponsor
1committees3actions8subjects
- Introduced in HouseJul 24, 2019
- Jul 24, 2019IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jul 24, 2019IntroReferralIntro-H
Introduced in House
- Jul 24, 2019IntroReferral1000
Introduced in House