United States · Bill · HR
H.R. 9556 (117th)
Financial Services Innovation Act of 2022
Introduced
14 December 2022
Last action
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Status
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.
Sponsors
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Subjects
Discovery layer
Source updated
3 January 2025
Summary
Financial Services Innovation Act of 2022 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.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 14 December 2022
Introduced in House (PDF)
Introduced in House · EN · 14 December 2022
Introduced in House
summary · EN · 14 December 2022
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Sources
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- Official source: https://www.congress.gov/bill/117th-congress/house-bill/9556
- Open data entity: https://api.congress.gov/v3/bill/117/hr/9556