Pipeline · Bill → Law
Step 1
Introduced
Feb 23, 2024
Step 2
Referred
Feb 23, 2024
Financial Services
Step 3
Committee
Apr 17, 2024
Reported out
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill addresses the regulation of financial products and services. Specifically, the bill allows persons intending to offer a financial innovation to petition specified financial regulatory agencies regarding existing areas of regulation. A petitioner may request a modification or waiver of an agency regulation. The bill sets forth requirements regarding the petition process, a safe harbor for petitioners from enforcement, and enforceable compliance agreements. Agencies must biannually publish a list of financial regulatory areas the agency would consider modifying or waiving through the petition process. The bill also establishes Financial Services Innovation Offices at these agencies...
Timeline · 6 actions
Dec 4, 2024
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-792.
Dec 4, 2024
Placed on the Union Calendar, Calendar No. 654.
Apr 17, 2024
Committee Consideration and Mark-up Session Held
Apr 17, 2024
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.
Feb 23, 2024
Introduced in House
Feb 23, 2024
Referred to the House Committee on Financial Services.