Innovation at the Speed of Markets: How Regulators Keep Pace with Technology (EventID=119110)

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Connect with the House Financial Services Committee » Get the latest news: https://democrats-financialservices.house.gov/ » Follow us on Facebook: https://www.facebook.com/USHouseFSC » Follow us on Twitter: https://x.com/USHouseFSC » Follow us on Instagram: https://www.instagram.com/ushousefsc/ » Follow us on Bluesky: https://bsky.app/profile/ushousefsc.bsky.social ___________________________________ » Subscribe: https://www.youtube.com/@USHouseFSC?sub_confirmation=1 ___________________________________ Thursday, March 26, 2026, at 10:00 a.m. (ET) Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence Chair Congressman Steil and Ranking Member Congressman Lynch will hold a joint hearing entitled, “Innovation at the Speed of Markets: How Regulators Keep Pace with Technology." ___________________________________ Witnesses for this one-panel hearing will be: ● Mr. Randall Guynn, Director, Division of Supervision and Regulation, Federal Reserve Board ● Mr. Jay Gallagher, Senior Deputy Comptroller and Chief National Bank Examiner, Office of the Comptroller of the Currency ● Mr. Ryan Billingsley, Director, Division of Risk Management Supervision, Federal Deposit Insurance Corporation ● Ms. Amanda Parkhill, Acting Director, Office of Examinations and Insurance, National Credit Union Administration ___________________________________ This hearing will examine how federal financial regulators are fostering innovation and whether their current structures, mandates, and approaches effectively support the use of new technologies and financial products and services by financial institutions. It will explore how agencies prioritize innovation initiatives and whether they have the expertise and resources necessary to keep pace with rapid technological change. The hearing will also evaluate how regulators can ensure innovation efforts remain durable and effective. Legislation Noticed: 1. H.R. ____, the Financial Services Innovation Act of 2026 (Moore): This discussion draft requires federal regulators to create Financial Services Innovation Offices (FSIOs) within their agencies to foster innovation in financial services. Once established, companies may apply for an “enforceable compliance agreement” with the respective FSIOs that, if accepted, will allow them to provide an innovative product or service under an alternative compliance plan. ___________________________________ Hearing page: https://democrats-financialservices.house.gov/events/eventsingle.aspx?EventID=415222