119th Congress
H.R. 2384
Financial Technology Protection Act of 2025
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- Zachary Nunn(R-IA)
- Introduced
- Mar 26, 2025
- Policy area
- Finance and Financial Sector
- Committees
- House Committee on Financial Services; Senate Committee on Banking, Housing, and Urban Affairs
- Official text
- Referred in Senate · Congress.gov page
Cosponsors (4)
Original cosponsors (1)
- James A. Himes (D-CT)
Added later (3)
- Michael Lawler (R-NY) · Mar 31, 2025
- Warren Davidson (R-OH) · Mar 31, 2025
- Josh Gottheimer (D-NJ) · Apr 1, 2025
Summary
Summary by the Congressional Research Service· describes the “Introduced in House” version
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.
Roll-call votes
No recorded votes on this bill.
Actions
- Jul 22, 2025 · Senate
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. - Jul 21, 2025 · House
Motion to reconsider laid on the table Agreed to without objection. - Jul 21, 2025 · House
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3509-3510) - Jul 21, 2025 · House
DEBATE - The House proceeded with forty minutes of debate on H.R. 2384. - Jul 21, 2025 · House
Considered under suspension of the rules. (consideration: CR H3509-3511) - Jul 21, 2025 · House
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended. - May 6, 2025 · House
Placed on the Union Calendar, Calendar No. 67. - May 6, 2025 · House
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-93. - Apr 2, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0. - Apr 2, 2025
Committee Consideration and Mark-up Session Held - Mar 26, 2025 · House
Referred to the House Committee on Financial Services. - Mar 26, 2025
Introduced in House