SENATE 2348118th CongressRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Payments Modernization Act of 2023
- Last Action
- 7/18/2023
Actions
- 2023-07-18Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2023-07-18Introduced in Senate
CRS Summary
As of 2023-07-18 (00)
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)
- Elizabeth Warren (D-MA)
Sourced from Congress.gov (public domain).
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