HR 4767
Financial Services Innovation Act of 2019
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Financial Services Innovation Act of 2019 aims to encourage innovation in the financial services industry by creating a process for companies to petition regulatory agencies for modifications or waivers to existing rules. It establishes Financial Services Innovation Offices (FSIOs) at various agencies to assist with these petitions and promote innovation. The bill also outlines a framework for agencies to identify regulatory areas open to modification and establishes a liaison committee to coordinate efforts across agencies. Finally, it includes provisions for reporting on the impact of these agreements to Congress.
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Primary sponsor
Patrick T. McHenry
Cosponsor
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