Securing Innovation in Financial Regulation Act
HR 9633 creates two new offices: the Strategic Hub for Innovation and Financial Technology (FinHub) within the Securities and Exchange Commission (SEC) and LabCFTC within the Commodity Futures Trading Commission (CFTC). These offices will advise regulators on financial technology, provide guidance to fintech companies, and coordinate the agencies' responses to emerging tech. Both hubs must report annually to Congress on meetings with industry participants, recommendations for regulatory changes, and efforts to improve agency services. The bill directly affects SEC and CFTC staff, financial technology companies seeking regulatory clarity, and Congress through mandated transparency reports.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2024
Committee Review
Floor Vote
President
Introduced Sep 17, 2024
Last action Oct 8, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Oct 8, 2024
Committee
Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
lower
Sep 17, 2024
Committee
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
lower
Sep 17, 2024
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Frank D. Lucas
RRepublican
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