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HR 56 116th 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: January 3, 2019 Introduced by: Budd, Ted Republican · North Carolina See on congress.gov
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 Everywhere this bill has been 9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 29, 2019
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 28, 2019
Motion to reconsider laid on the table Agreed to without objection.
Jan 28, 2019
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H1227-1228)
Jan 28, 2019
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)
Jan 28, 2019
DEBATE - The House proceeded with forty minutes of debate on H.R. 56.
Jan 28, 2019
Considered under suspension of the rules. (consideration: CR H1227-1231)
Jan 28, 2019
Ms. Waters moved to suspend the rules and pass the bill, as amended.
Jan 3, 2019
Referred to the House Committee on Financial Services.
Jan 3, 2019
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.

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's happening now January 29, 2019

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

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 2 Republican 1