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- H.R.3939
H.R.3939: 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.
About This Bill
- Introduced July 24, 2019
- Latest Major Action July 24, 2019
Bill Sponsor
Bill Version
- Introduced in House - July 24, 2019
Bill Summary
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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 24, 2019 |
Referred to the House Committee on Financial Services.
|
| July 24, 2019 |
Introduced in the House by Ted Budd (R-N.C.) |