S 2348 · 118th Congress

Payments Modernization Act of 2023

<p><strong>Payments Modernization Act of 2023</strong></p><p>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.&nbsp;</p><p>The Government Accountability O…

Sponsor

Van Hollen, Chris (D-MD)

Introduced

2023-07-18

Policy area

Finance and Financial Sector

Latest action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.