S 2243 · 116th Congress · Commerce

Payments Modernization Act of 2019

Introduced 2019-07-24· Sponsored by Sen. Van Hollen, Chris [D-MD]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-104.(2019-07-30)

Plain Language Summary

[AI summary unavailable — showing source text] Payments Modernization Act of 2019 This bill requires the Federal Reserve Board to create a real-time payment system that allows funds to be available to any end user in real time, including funds deposited at a depository institution.…

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

Cosponsors (1)

1 Democrat
Sen. Warren, Elizabeth [D-MA]MA