An Act relative to establishing a financial technology task force

This bill creates a special task force to examine how financial technology and current banking rules affect Massachusetts. The nine-member group includes state legislators, representatives from technology organizations, and experts appointed by the Commissioner of Banks. The task force will review existing laws, gather reports from banks and tech companies, and propose new ways to integrate financial technology into the state. Within 12 months of passing, the group must submit a final report with recommendations and any draft legislation to the General Court.