HR 4752
115th Congress
House
Finance and Financial Sector
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
Financial Technology Innovation and Defense Act
Introduced: January 10, 2018
Introduced by:
Budd, Ted
Republican
· North Carolina
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 10, 2018
Referred to the House Committee on Financial Services.
Jan 10, 2018
Introduced in House
Plain-English summary
Financial Technology Innovation and Defense 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 Fund to support the development of tools and programs to detect such activity; and
- directs the Department of the Treasury to provide a reward for a person who provides information regarding terrorist use of digital currencies.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1