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H.R. 2384 · 119th Congress

Financial Technology Protection Act of 2025

Introduced Mar 26, 2025Policy area: Finance and Financial Sector

Read the textOn Congress.gov

Status: Passed House

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Law

Latest action

: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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.

Actions

  1. Senate

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  2. House

    Motion to reconsider laid on the table Agreed to without objection.

  3. House

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3509-3510)

  4. House

    DEBATE - The House proceeded with forty minutes of debate on H.R. 2384.

  5. House

    Considered under suspension of the rules. (consideration: CR H3509-3511)

  6. House

    Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.

  7. House

    Placed on the Union Calendar, Calendar No. 67.

  8. House

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-93.

  9. House

    Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0.

  10. House

    Committee Consideration and Mark-up Session Held

  11. House

    Referred to the House Committee on Financial Services.

  12. Introduced in House