3.0.0 8974 2023-01-28T04:45:54Z 2023-01-28T04:45:54Z House HR 2022-09-22 117 [Congressional Record Volume 168, Number 153 (Thursday, September 22, 2022)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. PRESSLEY:H.R. 8974.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 18[Page H8114]]]> hsba00 Financial Services Committee House Standing Referred to 2022-09-22T13:04:40Z Payments Modernization Act of 2022 117 4946 S 2022-09-22 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Identical bill CRS 2022-09-22 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2022-09-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2022-09-22 Introduced in House IntroReferral 1000 9 Library of Congress P000617 Rep. Pressley, Ayanna [D-MA-7] Ayanna Pressley D MA 7 N G000586 Rep. Garcia, Jesus G. "Chuy" [D-IL-4] Jesus Garcia D IL G. 4 2022-09-22 True Finance and Financial Sector Finance and Financial Sector 00 2022-09-22 Introduced in House 2023-01-27T15:24:38Z Payments Modernization Act of 2022

This bill requires the Federal Reserve Board to create a real-time payment system that allows funds to be available to any end user immediately at any time, including funds deposited at a depository institution.

]]> Payments Modernization Act of 2022 Display Title Payments Modernization Act of 2022 Short Title(s) as Introduced Payments Modernization Act of 2022 Introduced in House IH Official Title as Introduced To amend the Expedited Funds Availability Act to require that funds deposited be available for withdrawal in real-time, and for other purposes. Introduced in House IH Introduced in House 2022-09-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr8974ih/xml/BILLS-117hr8974ih.xml 2022-09-22 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.