Payments Modernization Act of 2023
Latest action · Jul 27, 2023 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 27, 2023
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Payments Modernization Act of 2023
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.
The Government Accountability Office must publish a study on the impact payment delays have on disadvantaged communities.
Cosponsors 1
Members who signed on, in the order they did. All signed on Jul 27, 2023.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MA | Stephen F. Lynch | Original | Jul 27, 2023 |
Actions 2
Everything that happened, newest first.
- Jul 27, 2023Introduced in House
- Jul 27, 2023Referred to the House Committee on Financial Services.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2348 | Payments Modernization Act of 2023 | Identical bill | Jul 18, 2023 |
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Jul 27, 2023Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.