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119th Congress · H.R. 2384 · Passed Origin

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.

Full bill text →

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SubjectsAdvanced technology and technological innovationsAdvisory bodiesBanking and financial institutions regulationComputers and information technologyCongressional oversightCurrencyDepartment of the TreasuryDigital mediaFraud offenses and financial crimesGovernment information and archivesGovernment studies and investigationsPresidents and presidential powers, Vice PresidentsSanctionsTerrorism
Sponsor
Zachary (Zach) M. Nunn, R-IA-3
2 terms · @ZachNunn
Official website ↗
1410 Longworth House Office Building Washington DC 20515-1503 · 202-225-5476
Cosponsors (4)
  • James A. Himes, D-CT-4Original cosponsor
    Co-sponsored Mar 26, 2025 · 9 terms · @jahimes
  • Warren Davidson, R-OH-8
    Co-sponsored Mar 31, 2025 · 6 terms · @WarrenDavidson
  • Michael V. Lawler, R-NY-17
    Co-sponsored Mar 31, 2025 · 2 terms · @RepMikeLawler
  • Josh Gottheimer, D-NJ-5
    Co-sponsored Apr 1, 2025 · 5 terms · @RepJoshG
Committees (2)
  • Banking, Housing, and Urban Affairs Committee
    Senate Standing · Activity Jul 22, 2025
  • Financial Services Committee
    House Standing · Activity May 6, 2025
Actions (15)
  1. Jul 22, 2025 · via Senate
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Jul 21, 2025 · via House floor actions
    Motion to reconsider laid on the table Agreed to without objection.
  3. Jul 21, 2025 · via House floor actions
    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 · via Library of Congress
    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3509-3510)
  5. Jul 21, 2025 · via House floor actions
    DEBATE - The House proceeded with forty minutes of debate on H.R. 2384.
  6. Jul 21, 2025 · via House floor actions
    Considered under suspension of the rules. (consideration: CR H3509-3511)
  7. Jul 21, 2025 · via House floor actions
    Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
  8. May 6, 2025 · via House floor actions
    Placed on the Union Calendar, Calendar No. 67.
  9. May 6, 2025 · via House floor actions
    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-93.
  10. May 6, 2025 · via Library of Congress
    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-93.
  11. Apr 2, 2025 · via House committee actions
    Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0.
  12. Apr 2, 2025 · via House committee actions
    Committee Consideration and Mark-up Session Held
  13. Mar 26, 2025 · via House floor actions
    Referred to the House Committee on Financial Services.
  14. Mar 26, 2025 · via Library of Congress
    Introduced in House
  15. Mar 26, 2025 · via Library of Congress
    Introduced in House
IntroducedMar 26, 2025
Policy areaFinance and Financial Sector
RelatedS. 2609
SourceView on Congress.gov ↗
Bill textRead full text →

Constitutional authority cited

[Congressional Record Volume 171, Number 55 (Wednesday, March 26, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]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]
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