Ask AI
Bill116th CongressFiled Jan 3, 2019Finance and Financial Sector
H.R. 56

Financial Technology Protection Act

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
Floor
Both
Law

What it doesSummary passed house (Jan 28, 2019)

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.

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 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.

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.

What just happenedJan 29, 2019

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
4 cosponsors2 D2 R
Read on Congress.gov
4cosponsors2committees10actions12subjects
  1. Jan 29, 2019IntroReferral

    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. Jan 28, 2019FloorH38310

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

  3. Jan 28, 2019FloorH37300

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H1227-1228)

  4. Jan 28, 2019Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H1227-1228)

  5. Jan 28, 2019FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 56.

  6. Jan 28, 2019FloorH30000

    Considered under suspension of the rules. (consideration: CR H1227-1231)

  7. Jan 28, 2019FloorH30300

    Ms. Waters moved to suspend the rules and pass the bill, as amended.

  8. Jan 3, 2019IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  9. Jan 3, 2019IntroReferralIntro-H

    Introduced in House

  10. Jan 3, 2019IntroReferral1000

    Introduced in House

Passed HouseJan 28, 201953

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.

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 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.

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.

Introduced in HouseJan 3, 2019

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.

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 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.

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.

Financial Technology Protection Act — Informed