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H.R. 8974

BillFederalHouseIn Committee
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 · September 22, 2022
Referred to the House Committee on Financial Services.
Congress
117th (2021–2023)
Introduced
September 22, 2022
Cosponsors (1)
1D 0R
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Summary

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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.

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