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      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 171, Number 55 (Wednesday, March 26, 2025)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. NUNN of Iowa:H.R. 2384.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the United States ConstitutionTo make all Laws which shall be necessary and proper forcarrying into Execution the foregoing Powers, and all otherPowers vested by this Constitution in the Government of theUnited States, or in any Department or Officer thereof.[Page H1303]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <title>H.R. 2384, Financial Technology Protection Act of 2025</title>
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          <text>&lt;p&gt;&lt;strong&gt;Financial Technology Protection Act of 2025 &lt;/strong&gt;&lt;/p&gt;&lt;p&gt;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.&lt;/p&gt;&lt;p&gt;The working group terminates four years after the bill's enactment or after the working group completes any ongoing activities, whichever is later.&lt;/p&gt;&lt;p&gt;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.&amp;nbsp;&lt;/p&gt;</text>
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