Financial Technology Protection Act of 2025
Introduced Mar 26, 2025 by Rep. Zachary Nunn
The House passed it. The Senate has to pass it before it can reach the President.
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.
No recorded roll-call vote on this bill — it may have passed by voice vote or unanimous consent, which don't record individual votes.
- Jul 22, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jul 21, 2025Motion to reconsider laid on the table Agreed to without objection.
- Jul 21, 2025On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3509-3510)
- Jul 21, 2025Passed/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)
- Jul 21, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 2384.
- Jul 21, 2025Considered under suspension of the rules. (consideration: CR H3509-3511)
- Jul 21, 2025Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- May 6, 2025Placed on the Union Calendar, Calendar No. 67.
- May 6, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-93.
- Apr 2, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0.
- Apr 2, 2025Committee Consideration and Mark-up Session Held
- Mar 26, 2025Referred to the House Committee on Financial Services.
- Mar 26, 2025Introduced in House