HR 8974 · 117th Congress · Finance and Financial Sector

Payments Modernization Act of 2022

Introduced 2022-09-22· Sponsored by Rep. Pressley, Ayanna [D-MA-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2022-09-22)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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

Cosponsors (1)

1 Democrat
Rep. Garcia, Jesus G. "Chuy" [D-IL-4]IL