S 2609 119th Congress Senate 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: July 31, 2025 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

Jul 31, 2025

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

Jul 31, 2025

Introduced in Senate

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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 31, 2025

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

Related & companion bills 1

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Banking, Housing, and Urban Affairs Committee
Senate

Lobbying activity 1

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

FDD ACTION
for FDD ACTION · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026

Cosponsors 2

Gillibrand, Kirsten E.

New York · Jul 31, 2025

Lummis, Cynthia M.

Wyoming · Jul 31, 2025

Cite this page click to expand

APA

U.S. Congress. (2026). S. 2609: Financial Technology Protection Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-S-2609/

MLA

"S. 2609: Financial Technology Protection Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-2609/.

Bluebook (legal)

S. 2609, 119th Cong. (2026), https://openamerica.io/bill/119-S-2609/.

Markdown link

[S. 2609: Financial Technology Protection Act of 2025](https://openamerica.io/bill/119-S-2609/)