# 117-hr-8974: Payments Modernization Act of 2022

117-hr-8974, Payments Modernization Act of 2022, is a 117th Congress bill sponsored by Rep. Pressley, Ayanna [D-MA-7] (D-MA); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-8974
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-8974
- Congress: 117
- Title: Payments Modernization Act of 2022
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2022-09-22
- Sponsor: Rep. Pressley, Ayanna [D-MA-7] (D-MA)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

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.

## Cosponsors (1)

- Rep. García, Jesús G. "Chuy" [D-IL-4] (D-IL), 2022-09-22T00:00:00.000Z

## Related bills

- 117-hr-3537: Accelerating Access to Critical Therapies for ALS Act
- 117-hr-7791: Access to Baby Formula Act of 2022
- 117-hr-263: Big Cat Public Safety Act
- 117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act
- 117-hr-9648: Bus Rapid Transit Act
- 117-hr-9503: Access to School Supplies Act of 2022

## Sources
- [117-hr-8974 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/8974)

## Related
- [117-hr-3537: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/117-hr-3537)
- [117-hr-7791: Access to Baby Formula Act of 2022](https://policyrisk.com/legislation/117-hr-7791)
- [117-hr-263: Big Cat Public Safety Act](https://policyrisk.com/legislation/117-hr-263)
- [117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act](https://policyrisk.com/legislation/117-hr-1842)
- [117-hr-9648: Bus Rapid Transit Act](https://policyrisk.com/legislation/117-hr-9648)
- [117-hr-9503: Access to School Supplies Act of 2022](https://policyrisk.com/legislation/117-hr-9503)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-8974 (as of 2025-11-18).