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Task Force on Financial Technology Resolution of 2020

Summary

A resolution in the Committee on Financial Services dated June 30, 2020, 116th Congress, 2nd Session, offered by Waters, establishing the Task Force on Financial Technology. The resolution gives the task force the function of conducting hearings and investigations relating to financial technology and issuing reports to the Committee. Section 5 names Lynch as Chair and Emmer as Ranking Minority Member. The task force is set to expire on December 31, 2020, and the resolution takes effect on July 8, 2020.

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Cite this document

“Task Force on Financial Technology Resolution of 2020.” Original at docs.house.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/hhrg-116-ba00-20200630-sd004-db8462348328-087f447ee8/, SHA-256 db8462348328b44c47cd595377def9a29e5b3b3fe79ec04713ce72b1bf62d7cd.

Full text

         IN THE COMMITTEE ON FINANCIAL SERVICES OF THE HOUSE OF REPRESENTATIVES
                                  116TH CONGRESS, 2ND SESSION


                                          JUNE 30, 2020
               _______________________________________________________




                              RESOLUTION
                                     Offered by Ms. Waters
       Establishing the Task Force on Financial Technology in the Committee on Financial
Services for 2020.


      Resolved, that the Committee on Financial Services establishes a Task Force on Financial
Technology:
Section 1. Short Title
         This resolution may be cited as the “Task Force on Financial Technology Resolution of
2020.”
Section 2. Establishment of Task Force
        There is hereby established in the House Committee on Financial Services (hereinafter
referred to as the “Committee”) a task force to be known as the House Committee on Financial
Services Task Force on Financial Technology.
Section 3. Functions
        The Task Force on Financial Technology shall conduct hearings and investigations
relating to financial technology within the Committee’s Rule X jurisdiction and may issue
reports to the Committee detailing its findings and recommendations.
Section 4. Membership
         The Membership of the Task Force on Financial Technology shall be:
Mr. Lynch, Chair, Mr. Scott, Mr. Gottheimer, Mr. Lawson, Ms. Axne, Mr. McAdams and Ms.
Wexton, Mr. Emmer, Ranking Member, Mr.Luetkemeyer, Mr. Hill, Mr. Davidson, and Mr.Steil.
                                                2


        The Chair of the Committee and the Ranking Minority Member thereof shall be ex
officio members of the Task Force on Financial Technology pursuant to Rule 5(c)(2) of the
Rules of the Committee.
Section 5. Chair and Ranking Minority Member
       The Chair of the Taskforce on Financial Technology shall be Mr. Lynch, and the Ranking
Minority Member shall be Mr. Emmer.
Section 6. Authority and Procedures
        The Rules of the House of Representatives applicable to standing committees and the
rules of the Committee shall govern the Task Force on Financial Technology.
Section 7. Expiration
       The Taskforce on Financial Technology shall expire on December 31, 2020.
Section 8. Effective Date
       The resolution shall take effect on July 8, 2020.

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