Senate Bill 2243
116th Congress(2019-2020)
Payments Modernization Act of 2019
Introduced
Introduced in Senate on Jul 24, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2243
Congress
116
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
No Senate votes have been held for this bill.
Summary
Payments Modernization Act of 2019
This bill 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.
July 24, 2019
07/30/2019
Committee on Banking, Housing, and Urban Affairs. Hearings held.
07/24/2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
07/24/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 1:50:26 PM