11.12.19
Bills Would Derail Tech's Financial Ambitions
by: Zachary Warmbrodt
Rep. Chuy García (D-IL) plans to introduce measures to restrict the ability of technology companies to enter the financial services industry. The bills would limit the revenue that tech companies could make from financial activities and ratchet up regulation to make it less appealing for the firms to pursue banking licenses.
Read the full article on Politico Pro