S 4946 · 117th Congress · Finance and Financial Sector
Payments Modernization Act of 2022
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2022-09-22)
Plain Language Summary
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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