Bill117th CongressFiled Sep 22, 2022Finance and Financial Sector
S. 4946
Payments Modernization Act of 2022
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Sep 22, 2022)
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 just happenedSep 22, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
Sen. Van Hollen, Chris [D-MD](D-MD)Sponsor
1 cosponsor1 D
1cosponsors1committees2actions1related bills
- Introduced in SenateSep 22, 2022
- Sep 22, 2022IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Sep 22, 2022IntroReferral10000
Introduced in Senate