“Developments in financial markets can have broad economic effects felt by many outside the markets”
Ben Bernanke
Ex-Chairperson of the Federal Reserve Bank
Total Available For Award: $13.1 Billion
Financial Markets Narrative:
In an effort to foster internal and external trade in market products and provide businesses with operating capital, we expect to fund projects that develop and support investing, as well as educating investors.
Goals & Objectives: establish programs that
- Professionally upgrade of stock market operations;
- Upgrade cybersecurity for all financial institutions;
- Open markets up to small and international investors – increasing standards;
- Use standards that put stock and commodity markets on the same level as the NYSE;
- Expand the role of financial planners and other financial professionals;
- Expand insurance related products in all areas, with a focus being health insurance.
Awards Time Line
- Year 1: Available: $50M
- Year 2: Available: $1B
- Year 3: Available: $1.5B
- Year 4: Available: $2B
- Year 5: Available: $2B
- Year 6: Available: $2B
- Year 7: Available: $2B
- Year 8: Available: $1.5B
- Year 9: Available: $1B
- Year 10: Available: $50M
- Needs: projects the enhance security for:
- Stock market analysis for improvement
- Focus: how to find, attract and professional service more investors;
- Stimulate financial sectors in an effort to help them compete in the 21st century;
- Small investor packages: create the following products
- Tax breaks for investing
- Retirement account establishment
- Municipal bonds
- Small business loan development
Notes
1st year
- Committee operations/hearings
- Project discussion & Submissions
2nd year
- First awards
3rd year and up:
- Awards provided based on committee and board approval
- Major development years 5,6,7