Financial Technology Protection Act of 2025
- Last Action
- 7/22/2025
Actions
- 2025-07-22Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2025-07-21Motion to reconsider laid on the table Agreed to without objection.
- 2025-07-21On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3509-3510)
- 2025-07-21Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3509-3510)
- 2025-07-21DEBATE - The House proceeded with forty minutes of debate on H.R. 2384.
- 2025-07-21Considered under suspension of the rules. (consideration: CR H3509-3511)
- 2025-07-21Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- 2025-05-06Placed on the Union Calendar, Calendar No. 67.
- 2025-05-06Reported (Amended) by the Committee on Financial Services. H. Rept. 119-93.
- 2025-05-06Reported (Amended) by the Committee on Financial Services. H. Rept. 119-93.
- 2025-04-02Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0.
- 2025-04-02Committee Consideration and Mark-up Session Held
- 2025-03-26Referred to the House Committee on Financial Services.
- 2025-03-26Introduced in House
- 2025-03-26Introduced in House
CRS Summary
As of 2025-03-26 (00)
Financial Technology Protection Act of 2025
This bill establishes the Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing. The working group must study and report on terrorist and illicit use of digital assets and other related emerging technologies and develop proposals to improve anti-money laundering and counterterrorist financing efforts.
The working group terminates four years after the bill's enactment or after the working group completes any ongoing activities, whichever is later.
In addition, the Department of the Treasury must (1) report on the potential use of digital assets and other emerging technologies by states, nonstate actors, and terrorist groups for the purpose of evading sanctions to threaten the national security of the United States; and (2) describe a strategy to mitigate and prevent this usage.
Cosponsors (4)
- James Himes (D-CT)
- Warren Davidson (R-OH)
- Michael Lawler (R-NY)
- Josh Gottheimer (D-NJ)
Subjects
- Advanced technology and technological innovations
- Advisory bodies
- Banking and financial institutions regulation
- Computers and information technology
- Congressional oversight
- Currency
- Department of the Treasury
- Digital media
- Fraud offenses and financial crimes
- Government information and archives
- Government studies and investigations
- Presidents and presidential powers, Vice Presidents
- Sanctions
- Terrorism
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.