# 119-hr-3690: Securing Innovation in Financial Regulation Act

119-hr-3690, Securing Innovation in Financial Regulation Act, is a 119th Congress bill sponsored by Rep. Lucas, Frank D. [R-OK-3] (R-OK); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-hr-3690
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-3690
- Congress: 119
- Title: Securing Innovation in Financial Regulation Act
- Status: introduced
- Introduced: 2025-06-03
- Sponsor: Rep. Lucas, Frank D. [R-OK-3] (R-OK)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Creates dedicated fintech centers at the SEC and CFTC.** This bill would set up a Strategic Hub for Innovation and Financial Technology at the Securities and Exchange Commission and codify LabCFTC inside the Commodity Futures Trading Commission with defined duties, leadership, reporting, and confidentiality rules. - Would require the SEC to establish a FinHub within 180 days that draws staff from Trading and Markets, Corporate Finance, and Investment Management, serves as a resource for emerging financial technology, engages with market participants, and submits an annual report by October 31 each year after 2025 with confidentiality protections. - Would codify LabCFTC as a distinct CFTC entity led by a Director who reports directly to the Commission, with duties to advise on fintech rulemakings, educate staff, conduct outreach, and deliver an annual report to the House and Senate Agriculture Committees by October 31 each year after 2025. - Would force both hubs to track and retain engagement records, protect proprietary information, and offer recommendations on regulatory and possible legislative actions, while updating securities and commodities laws to reference the codified LabCFTC.

## Provisions PRIA read

- CFTC fintech lab to aid innovators: benefit, medium. The bill would require the CFTC to set up “LabCFTC” within 180 days. A Director, appointed by the Commission, would report directly to the Commission. The lab would advise on fintech rules, teach staff, and meet with innovators, schools, and professionals. The CFTC would track and store lab communi…
- SEC innovation hub for fintech firms: benefit, medium. The bill would require the SEC to set up a Strategic Hub for Innovation and Financial Technology within 180 days. The hub would help firms and investors talk with the SEC about rules. It would meet with people working on new financial tech and could draw staff from key SEC divisions. Each year afte…

## Related bills

- 119-hr-3816: Weather Act Reauthorization Act of 2025
- 119-hr-5089: Weather Act Reauthorization Act of 2025
- 119-hr-137: TCJA Permanency Act
- 119-hr-6955: Main Street Capital Access Act
- 119-hr-7613: ALERT Act
- 119-hr-2548: Sanctioning Russia Act of 2025

## Sources
- [119-hr-3690 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3690)

## Related
- [119-hr-3816: Weather Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-hr-3816)
- [119-hr-5089: Weather Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-hr-5089)
- [119-hr-137: TCJA Permanency Act](https://policyrisk.com/legislation/119-hr-137)
- [119-hr-6955: Main Street Capital Access Act](https://policyrisk.com/legislation/119-hr-6955)
- [119-hr-7613: ALERT Act](https://policyrisk.com/legislation/119-hr-7613)
- [119-hr-2548: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-hr-2548)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-3690 (as of 2025-12-21).