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Bill115th CongressFiled Feb 15, 2018Finance and Financial Sector
H.R. 5036

Financial Technology Protection Act

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house amended (Sep 26, 2018)

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.

(Sec. 3) The bill establishes the Independent Financial Technology Task Force, which must research terrorist and illicit use of new financial technologies and issue an annual report.

(Sec. 4) The bill directs the Department of the Treasury to provide a reward for a person who provides information leading to the conviction of an individual involved with terrorist use of digital currencies.

(Sec. 5) The bill establishes the FinTech Leadership in Innovation Program to support the development of tools and programs to detect terrorist and illicit use of digital currencies.

What just happenedSep 27, 2018

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Budd, Ted [R-NC-13](R-NC)Sponsor
2 cosponsors2 D
Read on Congress.gov
2cosponsors2committees15actions2related bills12subjects
  1. Sep 27, 2018IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Sep 26, 2018FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Sep 26, 2018FloorH37300

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H9060-9061)

  4. Sep 26, 2018Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H9060-9061)

  5. Sep 26, 2018FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 5036.

  6. Sep 26, 2018FloorH30000

    Considered under suspension of the rules. (consideration: CR H9060-9062)

  7. Sep 26, 2018FloorH30300

    Mr. Tipton moved to suspend the rules and pass the bill, as amended.

  8. Sep 26, 2018CalendarsH12410

    Placed on the Union Calendar, Calendar No. 769.

  9. Sep 26, 2018CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 115-984.

    Financial Services Committee
  10. Sep 26, 2018Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 115-984.

    Financial Services Committee
  11. Jul 24, 2018Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 57 - 0.

    Financial Services Committee
  12. Jul 24, 2018Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  13. Feb 15, 2018IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  14. Feb 15, 2018IntroReferralIntro-H

    Introduced in House

  15. Feb 15, 2018IntroReferral1000

    Introduced in House

Passed House amendedSep 26, 201836

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.

(Sec. 3) The bill establishes the Independent Financial Technology Task Force, which must research terrorist and illicit use of new financial technologies and issue an annual report.

(Sec. 4) The bill directs the Department of the Treasury to provide a reward for a person who provides information leading to the conviction of an individual involved with terrorist use of digital currencies.

(Sec. 5) The bill establishes the FinTech Leadership in Innovation Program to support the development of tools and programs to detect terrorist and illicit use of digital currencies.

Introduced in HouseFeb 15, 2018

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, which must report annually on such matters;
  • establishes the FinTech Leadership in Innovation Program to support the development of tools and programs to detect such activities; and
  • directs the Department of the Treasury to provide a reward for a person who provides information regarding terrorist use of digital currencies.
Financial Technology Protection Act — Informed