US SB2243 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on July 24 2019 - 25% progression, died in chamber
Action: 2019-07-30 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 24 2019 - 25% progression, died in chamber
Action: 2019-07-30 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
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
Sen. Chris Van Hollen [D-MD] | Sen. Elizabeth Warren [D-MA] |
History
Date | Chamber | Action |
---|---|---|
2019-07-30 | Senate | Committee on Banking, Housing, and Urban Affairs. Hearings held. |
2019-07-24 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB3951 (Related) 2019-07-24 - Referred to the House Committee on Financial Services.
Subjects
Banking and financial institutions regulation
Commerce
Consumer affairs
Federal Reserve System
Financial services and investments
Public utilities and utility rates
Commerce
Consumer affairs
Federal Reserve System
Financial services and investments
Public utilities and utility rates
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/2243/all-info |
Text | https://www.congress.gov/116/bills/s2243/BILLS-116s2243is.pdf |