Supporting the goals and ideals of National Youth HIV & AIDS Awareness Day.
- Last Action
- 4/9/2021
Actions
- 2021-01-13Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2021-01-13Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2021-01-13Introduced in House
- 2021-01-13Introduced in House
CRS Summary
As of 2021-01-13 (00)
Financial Technology Protection Act
This bill provides for the investigation of new financial technologies (e.g., digital currencies) and their use in terrorism and other illicit activities.
Specifically, the bill establishes the Independent Financial Technology Task Force to Combat Terrorism and Illicit Financing, which must research terrorist and illicit use of new financial technologies and issue an annual report.
The Department of the Treasury must establish a fund to provide a reward for a person who provides information leading to the conviction of an individual involved with terrorist use of digital currencies.
Additionally, the bill establishes the FinTech Leadership in Innovation and Financial Intelligence Program to support the development of tools and programs to detect terrorist and illicit use of digital currencies.
Cosponsors (5)
- Warren Davidson (R-OH)
- Stephen Lynch (D-MA)
- Byron Donalds (R-FL)
- Darren Soto (D-FL)
- Abigail Spanberger (D-VA)
Subjects
- Advanced technology and technological innovations
- Computer security and identity theft
- Computers and information technology
- Congressional oversight
- Crime prevention
- Criminal investigation, prosecution, interrogation
- Currency
- Fraud offenses and financial crimes
- Government trust funds
- Research administration and funding
- Research and development
- 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.