Stopping Fraudulent Payments Act
To amend title 31, United States Code, to authorize pausing and segmenting payments, and for other purposes.
HB8464, known as the Stopping Fraudulent Payments Act, aims to change laws related to financial payments. It seeks to authorize the pausing and segmenting of payments, which could help in preventing fraud and errors in financial transactions. This bill would primarily affect the federal government, financial institutions, and any entities that deal with large-scale payments.
The bill was introduced on April 23, 2026, and has since passed through various stages in the House, including committee review and debate. On June 10, 2026, it passed in the House with a vote of 218-200. As of June 11, 2026, the bill has been received in the Senate and is awaiting further action.
Key actions include the bill being reported by the Committee on Oversight and Government Reform, a motion to recommit which failed, and its subsequent passage in the House. The bill now moves to the Senate, where it will undergo further review and debate.
