US HB3939 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on July 24 2019 - 25% progression, died in committee
Action: 2019-07-24 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 24 2019 - 25% progression, died in committee
Action: 2019-07-24 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
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.
Sponsors
Sen. Ted Budd [R-NC] |
History
Date | Chamber | Action |
---|---|---|
2019-07-24 | House | Referred to the House Committee on Financial Services. |
2019-07-24 | House | Introduced in House |
Subjects
Banking and financial institutions regulation
Computer security and identity theft
Congressional oversight
Consumer affairs
Finance and financial sector
Financial services and investments
Government information and archives
Government studies and investigations
Public-private cooperation
Computer security and identity theft
Congressional oversight
Consumer affairs
Finance and financial sector
Financial services and investments
Government information and archives
Government studies and investigations
Public-private cooperation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/3939/all-info |
Text | https://www.congress.gov/116/bills/hr3939/BILLS-116hr3939ih.pdf |