OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

COMMITTEES INTRODUCE FINANCIAL INNOVATION AND TECHNOLOGY FOR THE 21ST CENTURY ACT

Press Release

Date: July 20, 2023
Location: Washington, D.C.
Issues: Technology and Communication Finance and Banking

"After listening to members on both sides of the aisle, the Biden Administration, and stakeholders, the House Committees on Financial Services and Agriculture are introducing landmark legislation today to establish a functional regulatory framework that will protect consumers and keep innovation in the United States. This legislation would not only have prevented FTX from stealing billions of customer funds, but also establishes robust consumer protections and clear rules of the road for market participants. I look forward to this historic legislation being considered in both the House Committees on Financial Services and Agriculture next week."


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