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S. 1340 118th Congress Senate

Financial Technology Protection Act of 2023

Official title: A bill to establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.

Introduced: April 27, 2023 Introduced by: Ted Budd Republican · North Carolina See on congress.gov
Finance and Financial Sector Advanced technology and technological innovationsAdvisory bodiesBanking and financial institutions regulationComputers and information technology
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Congressional oversightCurrencyDepartment of the TreasuryDigital mediaFraud offenses and financial crimesGovernment information and archivesGovernment studies and investigationsPresidents and presidential powers, Vice PresidentsSanctionsTerrorism
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 27, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 27, 2023
Introduced in Senate
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 Latest action April 27, 2023

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

 Plain-English summary Congressional Research Service

Financial Technology Protection Act of 2023

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 new financial technologies and develop proposals to improve anti-money laundering and counterterrorist financing efforts.

 Related & companion bills 1
  • HR 2969 Identical bill Financial Technology Protection Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1 Republican 1
R
Lummis, Cynthia M.
Wyoming · Oct 16, 2023
Sinema, Kyrsten
· Oct 16, 2023
 D
Gillibrand, Kirsten E.
New York · Apr 27, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1340: Financial Technology Protection Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-S-1340/
MLA
"S. 1340: Financial Technology Protection Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-1340/.
Bluebook (legal)
S. 1340, 118th Cong. (2026), https://openamerica.io/bill/118-S-1340/.
Markdown link
[S. 1340: Financial Technology Protection Act of 2023](https://openamerica.io/bill/118-S-1340/)
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