US HB3951 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 8-0)
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
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.
Title
Payments Modernization Act of 2019
Sponsors
Rep. Ayanna Pressley [D-MA] | Rep. Jesus Garcia [D-IL] | Rep. Rashida Tlaib [D-MI] | Rep. Cindy Axne [D-IA] |
Rep. Gregory Meeks [D-NY] | Rep. Stephen Lynch [D-MA] | Rep. Carolyn Maloney [D-NY] | Rep. Emanuel Cleaver [D-MO] |
History
Date | Chamber | Action |
---|---|---|
2019-07-24 | House | Referred to the House Committee on Financial Services. |
2019-07-24 | House | Introduced in House |
Same As/Similar To
SB2243 (Related) 2019-07-30 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
Subjects
Banking and financial institutions regulation
Consumer affairs
Federal Reserve System
Finance and financial sector
Financial services and investments
Public utilities and utility rates
Consumer affairs
Federal Reserve System
Finance and financial sector
Financial services and investments
Public utilities and utility rates
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/3951/all-info |
Text | https://www.congress.gov/116/bills/hr3951/BILLS-116hr3951ih.pdf |