To require the Board of Governors of the Federal Reserve System to carry out a quantitative impact study of any proposed real-time payment system under the Faster Payments Initiative before implementing such system.

referredUnited States· United States Congress· EN

Introduced

24 July 2019

Last action

—

Status

Referred to the House Committee on Financial Services.

Summary

This bill prohibits the Federal Reserve Board from developing, building, or implementing a real-time payment system until one year after submitting a report to Congress regarding such a system. This report must include a quantitative impact study.

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Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 24 July 2019
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Introduced in House (PDF)
Introduced in House · EN · 24 July 2019
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Introduced in House
summary · EN · 24 July 2019
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Official source: https://www.congress.gov/bill/116th-congress/house-bill/3939
Open data entity: https://api.congress.gov/v3/bill/116/hr/3939