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Code · BILL · 117th Congress · S. 4356 (Introduced in Senate) — To provide for responsible financial innovation and to bring digital assets within the regulatory perimeter. · Sec. 703

Sec. 703. Routing transit number issuance

67 words·~1 min read·/bill/117/s/4356/is/section-703

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Not later than 2 years after the date of enactment of this Act, the Board of Governors of the Federal Reserve System shall assume responsibility for issuing routing transit numbers to depository institutions for all purposes relating to the clearing of transactions and the services required to be made available to all depository institutions under section 11A of the Federal Reserve Act ( 12 U.S.C. 248a ).
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Sec. 703
Routing transit number issuance
U.S.C.§ 248a
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