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S. 2243

BillFederalSenateIn Committee
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.
About This Bill
Committee
Latest Action · July 30, 2019
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Congress
116th (2019–2021)
Introduced
July 24, 2019
Sponsor
Sen. Chris Van HollenD
Cosponsors (1)
1D 0R
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Summary

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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.

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