H7413 — Creates a council to supervise, manage and regulate special depository institutions. The act also allows for the controlled issuance of limited waivers of regulatory requirements for the creators of innovative financial products.

H7413 — Creates a council to supervise, manage and regulate special depository institutions. The act also allows for the controlled issuance of limited waivers of regulatory requirements for the creators of innovative financial products. · Informed CitizenryThis bill proposes creating a new council specifically tasked with supervising, managing, and regulating 'special depository institutions.' Essentially, it aims to centralize oversight for certain…Open in Informed Citizenry