H.R. 2384 Passed the House Finance and Financial Sector

Financial Technology Protection Act of 2025

To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Nunn, Zachary [R-IA-3] Introduced March 26, 2025 Cosponsors 4 (2 D, 2 R) Latest action July 22, 2025

Summary

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. 

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Jul 22, 2025 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Jul 21, 2025 Motion to reconsider laid on the table Agreed to without objection.
  3. Jul 21, 2025 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3509-3510)
  4. Jul 21, 2025 DEBATE - The House proceeded with forty minutes of debate on H.R. 2384.
  5. Jul 21, 2025 Considered under suspension of the rules. (consideration: CR H3509-3511)
  6. Jul 21, 2025 Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
  7. May 6, 2025 Placed on the Union Calendar, Calendar No. 67.
  8. May 6, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-93.
  9. Apr 2, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0.
  10. Apr 2, 2025 Committee Consideration and Mark-up Session Held
  11. Mar 26, 2025 Referred to the House Committee on Financial Services.
  12. Mar 26, 2025 Introduced in House

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