3.0.0 4767 2022-11-01T04:17:49Z 2022-11-01T04:17:49Z House HR 2019-10-21 116 [Congressional Record Volume 165, Number 166 (Monday, October 21, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. McHENRY:H.R. 4767.Congress has the power to enact this legislation pursuantto the following:The Congress shall have Power To lay and collect Taxes,Duties, Imposts and Excises, to pay the Debts and provide forthe common Defence . . . of the United States; but allDuties, Imposts, Excises shall be uniform throughout theUnited States.[Page H8298]]]> hsag00 Agriculture Committee House Standing hsag22 Commodity Markets, Digital Assets, and Rural Development Subcommittee Referred to 2019-11-08T15:25:58Z Referred to 2019-10-21T16:00:23Z hsba00 Financial Services Committee House Standing Referred to 2019-10-21T16:00:18Z 2019-11-08 hsag22 Commodity Markets, Digital Assets, and Rural Development Subcommittee 1 House committee actions Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. Committee 2019-10-21 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. IntroReferral H11100 2 House floor actions hsag00 Agriculture Committee 2019-10-21 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2019-10-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-10-21 Introduced in House IntroReferral 1000 9 Library of Congress M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 N H001072 Rep. Hill, J. French [R-AR-2] J. Hill R AR French 2 2019-10-29 False Finance and Financial Sector Banking and financial institutions regulation Congressional oversight Executive agency funding and structure Financial services and investments General Services Administration Government employee pay, benefits, personnel management Government information and archives Government studies and investigations Product development and innovation Finance and Financial Sector 00 2019-10-21 Introduced in House 2020-11-17T20:06:40Z Financial Services Innovation Act of 2019

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 to assist petitioners. These offices must also generally support the development of financial innovations and coordinate with other offices to share data.

]]> Financial Services Innovation Act of 2019 Display Title Financial Services Innovation Act of 2019 Official Title as Introduced To promote innovation in financial services, and for other purposes. Introduced in House IH Short Title(s) as Introduced Financial Services Innovation Act of 2019 Introduced in House IH Introduced in House 2019-10-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr4767ih/xml/BILLS-116hr4767ih.xml 2019-11-08 Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.