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HR 5036 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 Protection Act

Introduced: February 15, 2018 Introduced by: Budd, Ted Republican · North Carolina 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
Sep 27, 2018
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 26, 2018
Motion to reconsider laid on the table Agreed to without objection.
Sep 26, 2018
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H9060-9061)
Sep 26, 2018
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)
Sep 26, 2018
DEBATE - The House proceeded with forty minutes of debate on H.R. 5036.
Sep 26, 2018
Considered under suspension of the rules. (consideration: CR H9060-9062)
Sep 26, 2018
Mr. Tipton moved to suspend the rules and pass the bill, as amended.
Sep 26, 2018
Placed on the Union Calendar, Calendar No. 769.
Sep 26, 2018
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-984.
Jul 24, 2018
Ordered to be Reported (Amended) by the Yeas and Nays: 57 - 0.
Jul 24, 2018
Committee Consideration and Mark-up Session Held.
Feb 15, 2018
Referred to the House Committee on Financial Services.
Feb 15, 2018
Introduced in House
 Plain-English summary Congressional Research Service

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's happening now September 27, 2018

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

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1