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            <date>2023-07-18T21:35:28Z</date>
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        <title>Payments Modernization Act of 2023</title>
        <congress>118</congress>
        <number>5039</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2023-07-27</actionDate>
          <text>Referred to the House Committee on Financial Services.</text>
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        <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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        <actionDate>2023-07-18</actionDate>
        <text>Introduced in Senate</text>
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        <fullName>Sen. Van Hollen, Chris [D-MD]</fullName>
        <firstName>Chris</firstName>
        <lastName>Van Hollen</lastName>
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        <state>MD</state>
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        <fullName>Sen. Warren, Elizabeth [D-MA]</fullName>
        <firstName>Elizabeth</firstName>
        <lastName>Warren</lastName>
        <party>D</party>
        <state>MA</state>
        <middleName>A.</middleName>
        <sponsorshipDate>2023-07-18</sponsorshipDate>
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        <updateDate>2023-08-25T16:15:20Z</updateDate>
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        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2025-02-05T18:41:39Z</updateDate>
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          <text>&lt;p&gt;&lt;strong&gt;Payments Modernization Act of 2023&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;This bill requires depository institutions to make deposits available for withdrawal in real time. Under current law, deposits must be made available according to specified schedules based on the type of deposit.&amp;nbsp;&lt;/p&gt;&lt;p&gt;The Government Accountability Office must publish a study on the impact payment delays have on disadvantaged communities.&lt;/p&gt;</text>
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    <title>Payments Modernization Act of 2023</title>
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        <title>Payments Modernization Act of 2023</title>
        <updateDate>2024-07-24T15:20:40Z</updateDate>
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        <title>Payments Modernization Act of 2023</title>
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        <title>A bill to amend the Expedited Funds Availability Act to require that funds deposited be available for withdrawal in real-time, and for other purposes.</title>
        <updateDate>2023-08-23T01:58:59Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
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        <date>2023-07-18T04:00:00Z</date>
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      <actionDate>2023-07-18</actionDate>
      <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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