Cruz, Hagerty Aim to Safeguard Affordable Investment Access

U.S. Senators Introduce Legislation to Protect Access to Financial Markets

U.S. Senate Commerce Committee Ranking Member Ted Cruz (R-Texas) and U.S. Senator Bill Hagerty (R-Tenn.) have introduced the Protecting Innovation in Investment Act. The legislation aims to maintain affordable access to financial markets for Americans. The move comes in response to a proposed rule by the U.S. Securities and Exchange Commission (SEC) that could hinder the use of technology in investing. The senators argue that the rule would have a negative impact on innovation and accessibility in the market.