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HR 2384 119th Congress House Finance and Financial Sector 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

Financial Technology Protection Act of 2025

Introduced: March 26, 2025 Introduced by: Nunn, Zachary Republican · Iowa See on congress.gov
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 Everywhere this bill has been 13 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 22, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 21, 2025
Motion to reconsider laid on the table Agreed to without objection.
Jul 21, 2025
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3509-3510)
Jul 21, 2025
Passed/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)
Jul 21, 2025
DEBATE - The House proceeded with forty minutes of debate on H.R. 2384.
Jul 21, 2025
Considered under suspension of the rules. (consideration: CR H3509-3511)
Jul 21, 2025
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
May 6, 2025
Placed on the Union Calendar, Calendar No. 67.
May 6, 2025
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
Referred to the House Committee on Financial Services.
Mar 26, 2025
Introduced in House
 Plain-English summary Congressional Research Service

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. 

What's happening now July 22, 2025

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

 Cosponsors 2 matching
All 4 Democratic 2 Republican 2
Clear