Key Takeaways: U.S. Reps. Young Kim and Sam Liccardo introduced the PACE Act to modernize payments. Bill aims to open Fed systems like Fednow, cutting fees and boosting fintech competition. Blockchain Association backs reform, highlighting exclusion of digital asset payment companies from Federal Reserve payment rails. New Bill by U.S. Lawmakers Seeks to Modernize Payment Infrastructure U.S. lawmakers are moving to overhaul the country’s payment infrastructure with a bipartisan bill designed to speed up transactions and reduce costs for consumers and businesses. Representatives Young Kim and Sam Liccardo have introduced the Payments Access and Consumer Efficiency (PACE) Act, which would …