Andy Barr’s ‘Vision’ for House Financial Services

“We now have severe individuals working in monetary innovation that may create lots of jobs, generate wealth, cement America much more because the world’s monetary juggernaut,” he stated. “However there are pitfalls, and there are issues to be careful for, and regulators and lawmakers want to verify we’re constructing a basis, however not an excessively prescriptive algorithm. So I believe it is laborious to take a seat right here and never get enthusiastic about a number of the innovation that is occurring, however on the similar time, how are we going to control it? How are we going to make sure that the innovation survives our laws?”