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This bill codifies two existing financial technology innovation offices within federal financial regulators: the SEC's Strategic Hub for Innovation and Financial Technology (FinHub) and the CFTC's LabCFTC. The bill establishes these offices in statute, defines their purposes and responsibilities, and requires them to submit annual reports to Congress. Both offices are tasked with promoting responsible financial technology innovation, providing education and guidance to their respective agencies, and engaging with fintech companies to discuss regulatory issues.
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