H.R.3951: Payments Modernization Act of 2019

About This Bill

  • This bill was introduced in the 116th Congress
  • This bill is primarily about finance and financial sector
  • Introduced July 24, 2019
  • Latest Major Action July 24, 2019

Bill Versions

Bill Summary

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.

(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 Ayanna Pressley (D-Mass.)

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