Reps. Velazquez, Porter Urge Financial Stability Oversight Council to Oversee Tech Giants
August 23, 2019
August 23, 2019
WASHINGTON, Aug. 23 -- Rep. Nydia M. Velazquez, D-New York, issued the following news release:
Rep. Nydia M. Velazquez (D-NY) and Rep. Katie Porter (D-CA) have written to the Secretary of the U.S. Treasury as head of the Financial Stability Oversight Council (FSOC), encouraging the Council to consider designating the three leading cloud-based computing storage providers for the financial industry as systemically important financial market utilities (SIFMUs).
The letter . . .
Rep. Nydia M. Velazquez (D-NY) and Rep. Katie Porter (D-CA) have written to the Secretary of the U.S. Treasury as head of the Financial Stability Oversight Council (FSOC), encouraging the Council to consider designating the three leading cloud-based computing storage providers for the financial industry as systemically important financial market utilities (SIFMUs).
The letter . . .