Strategic Hub for Innovation and Financial Technology

Section 4 of the Securities Exchange Act of 1934 (15 U.S.C. 78d) is amended by adding at the end the following: (k) Strategic Hub for Innovation and Financial Technology (1) Establishment Not later than 180 days after the date of the enactment of this subsection, the Securities and Exchange Commission shall establish a committee to be known as the Strategic Hub for Innovation and Financial Technology (referred to in this subsection as the FinHub) to support engagement on emerging technologies in the financial sector. (2) Members The composition of FinHub shall be determined by the Commission, drawing from relevant divisions as appropriate, including the Division of Trading and Markets, Division of Corporate Finance, and Division of Investment Management. (3) Responsibilities FinHub shall— (A) serve as a resource for the Commission on emerging financial technology advancements; (B) engage with market participants working on emerging financial technologies; and (C) facilitate communication between the Commission and businesses working in emerging financial technology fields with information on the Commission, its rules, and regulations. (4) Report to the Commission (A) In general Not later than October 31 of each year after 2025, FinHub shall provide an annual summary of its engagement activities to the Commission, which shall be included in the Commission’s annual report to Congress. (B) Confidentiality Each report submitted under this paragraph shall not contain confidential information..

Section 4 of the Securities Exchange Act of 1934 (15 U.S.C. 78d) is amended by adding at the end the following: (k) Strategic Hub for Innovation and Financial Technology (1) Establishment Not later than 180 days after the date of the enactment of this subsection, the Securities and Exchange Commission shall establish a committee to be known as the Strategic Hub for Innovation and Financial Technology (referred to in this subsection as the FinHub) to support engagement on emerging technologies in the financial sector. (2) Members The composition of FinHub shall be determined by the Commission, drawing from relevant divisions as appropriate, including the Division of Trading and Markets, Division of Corporate Finance, and Division of Investment Management. (3) Responsibilities FinHub shall— (A) serve as a resource for the Commission on emerging financial technology advancements; (B) engage with market participants working on emerging financial technologies; and (C) facilitate communication between the Commission and businesses working in emerging financial technology fields with information on the Commission, its rules, and regulations. (4) Report to the Commission (A) In general Not later than October 31 of each year after 2025, FinHub shall provide an annual summary of its engagement activities to the Commission, which shall be included in the Commission’s annual report to Congress. (B) Confidentiality Each report submitted under this paragraph shall not contain confidential information..