HR 3939 · 116th Congress · Finance and Financial Sector

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.

Introduced 2019-07-24· Sponsored by Rep. Budd, Ted [R-NC-13]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2019-07-24)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only