I 
119TH CONGRESS 
1ST SESSION H. R. 3690 
To codify the Office of the Strategic Hub for Innovation and Financial 
Technology of the Securities and Exchange Commission and LabCFTC 
of the Commodity Futures Trading Commission, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 3, 2025 
Mr. LUCAS introduced the following bill; which was referred to the Committee 
on Financial Services, and in addition to the Committee on Agriculture, 
for a period to be subsequently determined by the Speaker, in each case 
for consideration of such provisions as fall within the jurisdiction of the 
committee concerned 
A BILL 
To codify the Office of the Strategic Hub for Innovation 
and Financial Technology of the Securities and Exchange 
Commission and LabCFTC of the Commodity Futures 
Trading Commission, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Securing Innovation 
in Financial Regulation Act’’. 
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SEC. 2. 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 fol-
lowing: 
‘‘(k) STRATEGIC HUB FOR INNOVATION AND FINAN-
CIAL TECHNOLOGY.— 
‘‘(1) ESTABLISHMENT.—Not later than 180 
days after the date of the enactment of this sub-
section, the Securities and Exchange Commission 
shall establish a committee to be known as the Stra-
tegic 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 Cor-
porate Finance, and Division of Investment Manage-
ment. 
‘‘(3) RESPONSIBILITIES.—FinHub shall— 
‘‘(A) serve as a resource for the Commis-
sion on emerging financial technology advance-
ments; 
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‘‘(B) engage with market participants 
working on emerging financial technologies; and 
‘‘(C) facilitate communication between the 
Commission and businesses working in emerg-
ing financial technology fields with information 
on the Commission, its rules, and regulations. 
‘‘(4) REPORT TO THE COMMISSION.— 
‘‘(A) IN GENERAL.—Not later than Octo-
ber 31 of each year after 2025, FinHub shall 
provide an annual summary of its engagement 
activities to the Commission, which shall be in-
cluded in the Commission’s annual report to 
Congress. 
‘‘(B) 
CONFIDENTIALITY.—Each 
report 
submitted under this paragraph shall not con-
tain confidential information.’’. 
SEC. 3. CODIFICATION OF LABCFTC. 
(a) IN GENERAL.—Section 18 of the Commodity Ex-
change Act (7 U.S.C. 22) is amended by adding at the 
end the following: 
‘‘(c) LABCFTC.— 
‘‘(1) ESTABLISHMENT.—There is established in 
the Commission LabCFTC. 
‘‘(2) PURPOSE.—The purposes of LabCFTC 
are to— 
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‘‘(A) promote responsible financial tech-
nology innovation and fair competition for the 
benefit of the American public; 
‘‘(B) serve as an information platform to 
inform the Commission about new financial 
technology innovation; and 
‘‘(C) provide outreach to financial tech-
nology innovators to discuss their innovations 
and the regulatory framework established by 
this Act and the regulations promulgated there-
under. 
‘‘(3) DIRECTOR.—LabCFTC shall have a Direc-
tor, who shall be appointed by the Commission and 
serve at the pleasure of the Commission. Notwith-
standing section 2(a)(6)(A), the Director shall re-
port directly to the Commission and perform such 
functions and duties as the Commission may pre-
scribe. 
‘‘(4) DUTIES.—LabCFTC shall— 
‘‘(A) advise the Commission with respect 
to rulemakings or other agency or staff action 
regarding financial technology; 
‘‘(B) provide internal education and train-
ing to the Commission regarding financial tech-
nology; 
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‘‘(C) advise the Commission regarding fi-
nancial technology that would bolster the Com-
mission’s oversight functions; 
‘‘(D) engage with academia, students, and 
professionals on financial technology issues, 
ideas, and technology relevant to activities 
under this Act; 
‘‘(E) provide persons working in emerging 
technology fields with information on the Com-
mission, its rules and regulations, and the role 
of a registered futures association; and 
‘‘(F) encourage persons working in emerg-
ing technology fields to engage with the Com-
mission and obtain feedback from the Commis-
sion on potential regulatory issues. 
‘‘(5) REPORT TO CONGRESS.— 
‘‘(A) IN GENERAL.—Not later than Octo-
ber 31 of each year after 2025, LabCFTC shall 
submit to the Committee on Agriculture of the 
House of Representatives and the Committee 
on Agriculture, Nutrition, and Forestry of the 
Senate a report on its activities. 
‘‘(B) CONTENTS.—Each report required 
under paragraph (1) shall include— 
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‘‘(i) the total number of persons that 
met with LabCFTC; 
‘‘(ii) a summary of general issues dis-
cussed during meetings with the person; 
‘‘(iii) information on steps LabCFTC 
has taken to improve Commission services, 
including responsiveness to the concerns of 
persons; 
‘‘(iv) recommendations made to the 
Commission with respect to the regula-
tions, guidance, and orders of the Commis-
sion and such legislative actions as may be 
appropriate; and 
‘‘(v) any other information determined 
appropriate by the Director of LabCFTC. 
‘‘(C) CONFIDENTIALITY.—A report under 
paragraph (A) shall abide by the confidentiality 
requirements in section 8. 
‘‘(6) RECORDS AND ENGAGEMENT.—The Com-
mission shall— 
‘‘(A) maintain systems of records to track 
engagements 
with 
the 
public 
through 
LabCFTC; 
‘‘(B) store communications and materials 
received in connection with any such engage-
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ment in accordance with Commission policies 
and procedures on data retention and confiden-
tiality; and 
‘‘(C) take reasonable steps to protect any 
confidential or proprietary information received 
through LabCFTC engagement.’’. 
(b) 
CONFORMING
AMENDMENTS.—Section 
2(a)(6)(A) of such Act (7 U.S.C. 2(a)(6)(A)) is amend-
ed— 
(1) by striking ‘‘paragraph and in’’ and insert-
ing ‘‘paragraph,’’; and 
(2) by inserting ‘‘and section 18(c)(3),’’ before 
‘‘the executive’’. 
(c) EFFECTIVE DATE.—The Commodity Futures 
Trading Commission shall implement the amendments 
made by this section (including complying with section 
18(c)(7) of the Commodity Exchange Act) within 180 
days after the date of the enactment of this Act. 
Æ 
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