Support legislation to modernize payment systems so Americans can send and receive money faster and with fewer fees, including direct access to federal payment rails for qualified providers.

Sam T. Liccardo · California · Democratic

policy impact 2.00 specificity 1.00 extraction confidence 98%

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Occurrences

introduced the Payments Access and Consumer Efficiency (PACE) Act to help Americans send and receive money faster and with fewer fees by modernizing how payment companies access payment rails

Liccardo announced and backed the PACE Act, which would modernize payment infrastructure and expand qualified providers' access to federal payment systems to reduce delays and fees.

Reps. Liccardo and Kim Introduce Bipartisan PACE Act to Make Everyday Payments Faster, Cheaper, and More Efficient for Americans | Congressman Sam Liccardo
primary · press_release · model gpt-5.4-mini

The bipartisan Payment Access and Consumer Efficiency (PACE) Act helps solve this problem by modernizing our system to allow regulated payment firms to directly access some of the Federal Reserves payment rails with appropriate safeguards.

Liccardo co-introduces the PACE Act, which would modernize payment systems and give regulated payment firms direct access to certain Federal Reserve payment rails.

pace-act-fact-sheet.pdf
primary · other · model gpt-5.4-mini

Evidence

Rep. Sam Liccardo and Rep. Young Kim introduced the Payments Access and Consumer Efficiency (PACE) Act to help Americans send and receive money faster and with fewer fees by modernizing how payment companies access payment rails. The release says the bill enables qualified providers to access federal payment systems directly.

Direct, on-point legislative support for faster/cheaper payments and direct access to federal rails; this is the clearest concrete step toward the stated commitment.

delivered same_term A for effort

Reps. Liccardo and Kim Introduce Bipartisan PACE Act to Make Everyday Payments Faster, Cheaper, and More Efficient for Americans | Congressman Sam Liccardo
primary · model gpt-5.4-mini · confidence 96%

Contest this evidence item

The fact sheet says the PACE Act would let regulated payment firms directly access some Federal Reserve payment rails, including Fedwire, FedNow, and FedACH, under an optional federal supervisory framework.

Technical support for the same commitment, with explicit references to direct access to federal payment rails for qualified nonbank providers.

delivered same_term A for effort

pace-act-fact-sheet.pdf
primary · model gpt-5.4-mini · confidence 93%

Contest this evidence item

Assessments

delivered same_term A for effort

Liccardo directly sponsored bipartisan PACE Act legislation to modernize payment rails, explicitly aiming to make payments faster and cheaper and to give qualified providers direct access to federal payment systems. That is a concrete, on-point legislative action fulfilling the promise to support this policy change.

provider codex_cli · model gpt-5.4-mini · confidence 96%