Waters Floor Statement on Bipartisan Legislation to Investigate Abuses of Financial Technology
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R. 56, the Financial Technology Protection Act, bipartisan legislation that would strengthen efforts to deter terrorist and illicit abuses of financial technology.
As Prepared for Delivery
I’m so pleased that this body will vote on H.R. 56, the Financial Technology Protection Act, which passed the House in the 115th Congress. This bill would strengthen and expand efforts to deter terrorist and illicit abuses of financial technology through interagency coordination and research, and through collaboration with private institutions and citizens.
H.R. 56 was introduced by Congressman Ted Budd (R-NC) and Congressman Stephen Lynch (D-MA), Members of the House Financial Services Committee. Chairwoman Waters selected the bill for floor consideration and worked with Congressman Patrick McHenry (R-NC), Ranking Member of the House Financial Services Committee, to ensure widespread bipartisan support.