P20 Conference Draws Members of Congress From Both Sides of the Aisle
As the payments and financial technology industry evolves at a frenetic pace, the changes and advancements trickling down to the everyday customer are either enabled, or held back, by legislation at the United States Capitol.
Such is the reality that fuels the actions and goals of the P20, working to establish and maintain ongoing dialogue between FinTech industry leaders, and legislators, regardless of political affiliation.
“The world is constantly getting smaller, particularly now with financial transactions,” said Sanford Bishop, a Democrat Congressman from Georgia.
“I recognize that our role in Congress as policymakers is important,” said Andy Barr, a Republican Congressman from Kentucky. “We need to be partners.”
Both Reps. Bishop and Barr were participants in the 2018 P20, underscoring the bipartisan allure of the P20’s mission.
“I’m here (at the conference) because I’m so impressed with the innovation in this (FinTech) space, the life-improving opportunities that are created in financial technology,” said Barr.
“Financial services is not Democrat or Republican,” said Bishop. “And at this point not it’s not American or foreign. It’s certainly worldwide, and it’s something where we have to work together. The collaborative effort (at the P20) is really, forward thinking.”
Barr, who spoke at length before the audience during the main conference function, believes more lawmakers should take part in events like the P20.
“I think the more that policymakers come to conferences like this and learn and listen,” said Barr, “the better off everybody will be.”