H.R. 7440, known as the “Financial Services Innovation Act of 2024,” aims to encourage the growth of new financial products and services through technology, by establishing Financial Services Innovation Offices (FSIO) within federal agencies. These FSIOs will identify and potentially modify...
Simple Explanation
The bill wants to make it easier for new and cool money ideas to happen by creating special offices to help with rules and getting the right people to talk and decide if some rules can be changed to make things more fun for everyone using money.