3.0.0 5036 2023-01-11T13:40:32Z 2023-01-11T13:40:32Z House HR 2018-02-15 115 [Congressional Record Volume 164, Number 30 (Thursday, February 15, 2018)][Pages H1212-H1213]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BUDD:H.R. 5036.[[Page H1213]]Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3, providing the power to``regulate commerce with foreign nations, and among theseveral states.'']]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2018-09-27T17:42:22Z hsba00 Financial Services Committee House Standing Reported by 2018-09-26T19:30:21Z Markup by 2018-07-24T14:09:47Z Referred to 2018-02-15T14:00:32Z H. Rept. 115-984 Preventing Rogue and Foreign Actors From Evading Sanctions Act 115 5227 HR 2018-03-08 Referred to the House Committee on Financial Services. Related bill CRS Financial Technology Innovation and Defense Act 115 4752 HR 2018-01-10 Referred to the House Committee on Financial Services. Related bill CRS 2018-09-27 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2018-09-26 18:10:12 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2018-09-26 18:10:10 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H9060-9061) Floor H37300 2 House floor actions 2018-09-26 18:10:10 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) Floor 8000 9 Library of Congress 2018-09-26 17:57:31 DEBATE - The House proceeded with forty minutes of debate on H.R. 5036. Floor H8D000 2 House floor actions 2018-09-26 17:57:29 Considered under suspension of the rules. (consideration: CR H9060-9062) Floor H30000 2 House floor actions 2018-09-26 17:57:15 Mr. Tipton moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2018-09-26 Placed on the Union Calendar, Calendar No. 769. Calendars H12410 2 House floor actions U00769 2018-09-26 Reported (Amended) by the Committee on Financial Services. H. Rept. 115-984. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2018-09-26 Reported (Amended) by the Committee on Financial Services. H. Rept. 115-984. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2018-07-24 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 57 - 0. Committee 2018-07-24 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2018-02-15 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2018-02-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-02-15 Introduced in House IntroReferral 1000 9 Library of Congress B001305 Rep. Budd, Ted [R-NC-13] Ted Budd R NC 13 N L000562 Rep. Lynch, Stephen F. [D-MA-8] Stephen Lynch D MA F. 8 2018-02-15 True S001191 Rep. Sinema, Kyrsten [D-AZ-9] Kyrsten Sinema D AZ 9 2018-06-08 False 2018-09-07T20:22:00Z H.R. 5036, Financial Technology Protection Act https://www.cbo.gov/publication/54439 As reported by the House Committee on Financial Services on July 24, 2018 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 Finance and Financial Sector 00 2018-02-15 Introduced in House 2018-09-25T14:58:25Z 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. Specifically, the bill:

  • establishes the Independent Financial Technology Task Force, which must report annually on such matters;
  • establishes the FinTech Leadership in Innovation Program to support the development of tools and programs to detect such activities; and
  • directs the Department of the Treasury to provide a reward for a person who provides information regarding terrorist use of digital currencies.
]]> 36 2018-09-26 Passed House amended 2018-10-04T18:45:56Z 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.

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Financial Technology Protection Act Display Title Financial Technology Protection Act Official Title as Introduced To establish an Independent Financial Technology Task Force, to provide rewards for information leading to convictions related to terrorist use of digital currencies, to establish a FinTech Leadership in Innovation Program to encourage the development of tools and programs to combat terrorist and illicit use of digital currencies, and for other purposes. Introduced in House IH Short Titles as Reported to House Financial Technology Protection Act H House Short Titles as Passed House Financial Technology Protection Act H House Short Titles as Introduced Financial Technology Protection Act Referred in Senate 2018-09-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr5036rfs/xml/BILLS-115hr5036rfs.xml Reported in House 2018-09-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr5036rh/xml/BILLS-115hr5036rh.xml Engrossed in House 2018-09-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr5036eh/xml/BILLS-115hr5036eh.xml Introduced in House 2018-02-15T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr5036ih/xml/BILLS-115hr5036ih.xml 2018-09-27 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.