; and (ii) in the matter following subparagraph (D) by striking on the business day after the business day on which such cash or funds are deposited or, in the case of a wire transfer, on the business day after the business day on which and inserting in real-time after such cash or funds are deposited or, in the case of a wire transfer, in real-time after ; (B) in paragraph (2)— (i) by striking , 603(c), or paragraphs and inserting paragraph ; and (ii) by striking 603(e) and inserting 603(c) ; and (C) by striking paragraph (3)(B) and inserting the following: (B) any such funds deposited in excess of such amount shall be available for withdrawal in real-time. ; (2) in subsection (b), in the matter preceding paragraph (1), by striking (c), or (e) and inserting or (c) ; (3) in subsection (c)(1), by striking (c), and (e) and inserting and (c) ; and (4) in subsection (d), by striking (c), and (e) and inserting and (c) . (d) Miscellaneous provisions Section 607 of the Expedited Funds Availability Act ( 12 U.S.C. 4006 ) is amended— (1) by striking subsections (a) and (b); and (2) by redesignating subsections (c) through (f) as subsections (a) through (d), respectively. (e) Regulations and reports by Board Section 609 of the Expedited Funds Availability Act ( 12 U.S.C. 4008 ) is amended— (1) by striking subsections (d) and (f); and (2) by redesignating subsection (e) as subsection (d). 5. Payments mandate The Federal Reserve shall create a real-time payment system that— (1) at a minimum, conforms with the principles outlined in the final report of the Faster Payments Task Force of the Federal Reserve System; (2) allows end users have fast access to funds in real-time; (3) operates as a utility, allowing end users to reach any other end user, including unbanked, underserved and cross-border end users, regardless of the solution used by the end user; (4) prioritizes safety and soundness, consumer health, efficiency, and other relevant public interest considerations