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Supporting Financial Innovation: New Offices for Financial Technologies

This act establishes official offices within two key U.S. financial institutions to better understand and support new financial technologies. The goal is to ensure that innovations, such as new payment or investment methods, are safe and beneficial for citizens, while promoting fair competition.
Key points
Creation of the official FinHub center within the Securities and Exchange Commission (SEC) to monitor and support new financial technologies.
Establishment of LabCFTC within the Commodity Futures Trading Commission (CFTC) to promote responsible innovation and inform citizens about it.
Both offices will advise on regulations, educate, and gather information from technology companies to better adapt laws to the rapidly changing financial world.
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Introduced
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Additional Information
Print number: 119_HR_3690
Sponsor: Rep. Lucas, Frank D. [R-OK-3]
Process start date: 2025-06-03
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Securing Innovation in Financial Regulation Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3690.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-06-03.

What are the main provisions?

Key points include:

  • Creation of the official FinHub center within the Securities and Exchange Commission (SEC) to monitor and support new financial technologies.
  • Establishment of LabCFTC within the Commodity Futures Trading Commission (CFTC) to promote responsible innovation and inform citizens about it.
  • Both offices will advise on regulations, educate, and gather information from technology companies to better adapt laws to the rapidly changing financial world.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Lucas, Frank D. [R-OK-3].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy Courts and Law Informatization