The Responsible Financial Innovation Act

There's a lot happening on the legislative front in the usa. Couple of senators, cynthia lumis and kerston gillebrand, have released a bill that they're calling the responsible financial innovation act. The media is talking about how one this dramatically expands the powers of the commodity future's trading commission,. And if you look at the embargoed version of the bill, it does clear up security laws. It would also make trans transactions of less than 200 dollars tax free.