REP. STUTZMAN’S BIPARTISAN FUTURES ACT UNANIMOUSLY PASSES HOUSE FINANCIAL SERVICES COMMITTEE

WASHINGTON, DC – Today, the House Financial Services Committee passed Rep. Marlin Stutzman’s (IN-03) FUTURES Act by a vote of 52-0, with all Republicans and Democrats supporting the legislation.

The FUTURES Act will enhance regulatory agencies' ability to conduct thorough supervision and ensure the safety and soundness of the financial system. Congressman Bill Foster (IL-11) served as a co-lead on the legislation.

“I am honored to see my legislation pass the House Financial Services Committee with unanimous bipartisan support,” said Rep. Stutzman. “The modernization of the regulatory technology our American financial systems rely on is essential. The FUTURES Act will help Congress better understand the red tape keeping our regulators in the past while our financial institutions race into the future.”