3.0.0 296 2023-03-08T19:58:10Z 2023-03-08T19:58:10Z House HR 2021-01-13 117 [Congressional Record Volume 167, Number 8 (Wednesday, January 13, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BUDD:H.R. 296.Congress has the power to enact this legislation pursuantto the following:Article I Section 8 of the U.S. Constitution[Page H194]]]> hsbu00 Budget Committee House Standing Referred to 2021-01-13T14:00:21Z hsba00 Financial Services Committee House Standing Referred to 2021-01-13T14:00:16Z 2021-01-13 Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2021-01-13 Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2021-01-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-01-13 Introduced in House IntroReferral 1000 9 Library of Congress B001305 Rep. Budd, Ted [R-NC-13] Ted Budd R NC 13 N D000626 Rep. Davidson, Warren [R-OH-8] Warren Davidson R OH 8 2021-01-13 True L000562 Rep. Lynch, Stephen F. [D-MA-8] Stephen Lynch D MA F. 8 2021-01-13 True D000032 Rep. Donalds, Byron [R-FL-19] Byron Donalds R FL 19 2021-01-13 True S001200 Rep. Soto, Darren [D-FL-9] Darren Soto D FL 9 2021-01-13 True S001209 Rep. Spanberger, Abigail Davis [D-VA-7] Abigail Spanberger D VA Davis 7 2021-06-08 False 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 2021-01-13 Introduced in House 2021-02-11T14:31:29Z 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 to Combat Terrorism and Illicit Financing, which must research terrorist and illicit use of new financial technologies and issue an annual report.

The Department of the Treasury must establish a fund to provide a reward for a person who provides information leading to the conviction of an individual involved with terrorist use of digital currencies.

Additionally, 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.

]]>

Financial Technology Protection Act Display Title Financial Technology Protection Act Official Title as Introduced To establish an Independent Financial Technology Task Force to Combat Terrorism and Illicit Financing, to provide rewards for information leading to convictions related to terrorist use of digital currencies, to establish a Fintech Leadership in Innovation and Financial Intelligence 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 Title(s) as Introduced Financial Technology Protection Act Introduced in House IH Introduced in House 2021-01-13T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr296ih/xml/BILLS-117hr296ih.xml 2021-01-13 Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. 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.