Patrick McHenry Working on New Legislation for Fintech Innovation

Patrick McHenry is working with a Senate Democrat on a bill for fintech beta testing; he introduced the Financial Innovation Act in the House of Representatives in 2016 which did not advance; the Financial Innovation Act included the creation of innovation offices with 12 regulatory agencies; he says the 2017 version of the act will include “significant changes and revisions”; he plans to introduce the new bill in two months. Source