Financial Innovation and Technology for the 21st Century Act
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™The Financial Innovation and Technology for the 21st Century Act (H.R. 4763) is a legislative proposal introduced in the 118th Congress aimed at addressing issues related to financial innovation and technology within the finance and financial sector. The bill was introduced in the House of Representatives and subsequently received in the Senate, where it was read twice and referred to the Committee on Banking, Housing, and Urban Affairs. The bill ultimately failed or expired without becoming law. No official summary or full text is available, limiting detailed analysis of its provisions.
H.R. 4763 sought to address financial innovation and technology but did not advance beyond committee referral in the Senate and ultimately expired without enactment.
- The bill pertains to the finance and financial sector policy area, focusing on innovation and technology.
- It was introduced in the House and referred to the Senate Committee on Banking, Housing, and Urban Affairs after being read twice.
- The bill failed or expired during the 118th Congress and did not become law.
['Financial institutions engaged in innovation and technology', 'Technology companies operating within the financial sector', 'Regulatory agencies overseeing financial innovation', 'Consumers and businesses potentially impacted by financial technology advancements']
['Lack of available full text and official summary limits understanding of specific provisions and their implications.', 'Potential challenges in implementation and oversight due to unclear or unspecified authority and enforcement mechanisms.', 'Uncertain cost implications and funding mechanisms due to absence of detailed legislative text.']
The bill was introduced in the House during the 118th Congress and referred to the Senate Committee on Banking, Housing, and Urban Affairs. It did not progress to a vote or enactment and is recorded as failed or expired. No further legislative actions or debates are documented in the available data.
Hidden impact flags detected: 1
GovScope reviewed 1 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
["Potential influence on future legislative efforts addressing financial technology due to the bill's introduction and referral.", "Possible signaling to financial and technology sectors about congressional interest in regulating or supporting innovation despite the bill's failure."]
The absence of the bill's full text and official summary significantly limits transparency and oversight capabilities. Stakeholders and the public cannot fully evaluate the bill's scope, provisions, or potential impacts. The bill's failure to advance beyond committee referral further reduces available information on legislative intent and debate.
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