Innovation Advisory Committee

The Innovation Advisory Committee (IAC), formally the Technology Advisory Committee, was created to advise the Commission on complex issues at the intersection of technology, law, policy, and finance. The IAC may provide recommendations relating to the impact and implications of technological change on financial markets and the U.S. economy.

Chairman Michael S. Selig serves as the sponsor for the Innovation Advisory Committee. Michael Passalacqua serves as the IAC Designated Federal Officer. 

IAC Charter (PDF) (Charter renewed August 19, 2026)

Date Meeting Info

This council of American innovators, entrepreneurs, thinkers, and builders will provide insights and recommendations to the Commission to help ensure its regulations keep pace with the rapid speed of innovation on the new frontier of finance, here.

The Technology Advisory Committee will host "AI Day" on May 2, 2024. AI Day is a continuation of the TAC’s study of AI, and the concept of Responsible AI in financial markets. Confirmed speakers include experts in AI who are members of the TAC as well as additional outside experts. In addition, at this meeting, the TAC Subcommittee on Emerging and Evolving Technologies will present on the work and findings of the Subcommittee in its study of AI for financial markets, here.

The Technology Advisory Committee will hold a meeting on January 8, 2024. At this meeting, the TAC will continue its discussion of issues relating to digital assets and blockchain technology, cybersecurity, and emerging and evolving technologies, here.

The Technology Advisory Committee held a meeting on July 18, 2023.  At this meeting, the TAC will continue its examination of responsible artificial intelligence (AI), focusing on the use of AI in the financial sector.  Decentralized finance (DeFi) models such as decentralized autonomous organization (DAO) and the Commission’s recent Ooki DAO case will be discussed, in addition to other DeFi issues. We will also discuss cyber resilience, including cyber threats to the financial sector, as well as a presentation by a prudential regulator on the recently released interagency guidance on third party cyber risk.  Along with artificial intelligence, decentralized finance, and cyber resilience, the TAC will introduce the three subcommittees approved by the Commission. This includes the newly constituted subcommittees on: (1) Digital Assets and Blockchain Technology; and (2) Emerging and Evolving Technologies; as well as the re-established (3) Cybersecurity Subcommittee. Full details, including the agenda, can be found here.

The Technology Advisory Committee, sponsored by Commissioner Goldsmith Romero, will hold its inaugural meeting on March 22, 2023. The committee's public meeting will explore issues at the intersection of technology, law, policy, and finance, including the cyber threat landscape for financial markets, decentralized finance (DeFi), and responsible artificial intelligence (AI). Full details, including the agenda, can be found here.