Install
Financial Technology Protection Act of 2025
A bill to establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.
- Introduced
- Committee
- Passed Senate
- Passed House
- To President
- Became law
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.
Actions
- 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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