Search Results: keywords:"fsio"

  • H. R. 7440 — To promote innovation in financial services, and for other purposes.
    Status:Introduced in House
    Words:3,710

    H.R. 7440, titled the “Financial Services Innovation Act of 2024,” seeks to boost innovation in financial services by allowing companies to request modifications or waivers of certain regulations if it helps introduce new technologies. The bill mandates the creation of...

    Simple Explanation

    H.R. 7440 is a plan to help new ideas in money services by letting companies ask for special rules to try out new technology, and it creates special groups to make sure everything stays fair and safe for people.

  • H. R. 7440 — To promote innovation in financial services, and for other purposes.
    Status:Reported in House
    Words:3,790

    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.