Senate bill S2348-118

Banking, Housing, and Urban Affairs Committee

Payments Modernization Act of 2023

• Last activity on Jul 18, 2023

• Introduced Jul 18, 2023

• By Sen. Van Hollen, Chris [D-MD]

Support this bill

Payments Modernization Act of 2023

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.

The Government Accountability Office must publish a study on the impact payment delays have on disadvantaged communities.

Senate Actions

IntroReferral
Jul. 18 2023	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Library of Congress Actions

IntroReferral
Jul. 18 2023	Introduced in Senate

Senate bill S2348-118

Payments Modernization Act of 2023

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