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     &lt;p&gt;&lt;b&gt;Financial Technology Protection Act &lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill provides for the investigation of new financial technologies (e.g., digital currencies) and their use in terrorism and other illicit activities. &lt;/p&gt; &lt;p&gt;Specifically, the bill establishes the Independent Financial Technology Task Force to Combat Terrorism and Illicit Financing, which must research terrorist and illicit use of new financial technologies and issue an annual report. &lt;/p&gt; &lt;p&gt;The Department of the Treasury must establish a fund to provide a reward for a person who provides information leading to the conviction of an individual involved with terrorist use of digital currencies. &lt;/p&gt; &lt;p&gt;Additionally, the bill establishes the FinTech Leadership in Innovation and Financial Intelligence Program to support the development of tools and programs to detect terrorist and illicit use of digital currencies. &lt;p&gt;
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2021-01-13
Budget Committee
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Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferral
H11100
2021-01-13
Financial Services Committee
hsba00
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House floor actions
Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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2021-01-13
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Rep. Davidson, Warren [R-OH-8]
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2021-01-13
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L000562
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2021-01-13
MA
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2021-01-13
FL
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Rep. Soto, Darren [D-FL-9]
Soto
D
2021-01-13
FL
S001209
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Abigail
Rep. Spanberger, Abigail Davis [D-VA-7]
Spanberger
Davis
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2021-06-08
VA
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-01-13
2021-01-13
Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
House
Finance and Financial Sector
B001305
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Ted
Rep. Budd, Ted [R-NC-13]
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Budd
R
NC
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2021-01-13
Introduced in House
 <p><b>Financial Technology Protection Act </b></p> <p>This bill provides for the investigation of new financial technologies (e.g., digital currencies) and their use in terrorism and other illicit activities. </p> <p>Specifically, the bill establishes the Independent Financial Technology Task Force to Combat Terrorism and Illicit Financing, which must research terrorist and illicit use of new financial technologies and issue an annual report. </p> <p>The Department of the Treasury must establish a fund to provide a reward for a person who provides information leading to the conviction of an individual involved with terrorist use of digital currencies. </p> <p>Additionally, the bill establishes the FinTech Leadership in Innovation and Financial Intelligence Program to support the development of tools and programs to detect terrorist and illicit use of digital currencies. <p>
2021-02-11T14:31:29Z
00
2021-01-13T05:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr296ih/xml/BILLS-117hr296ih.xml
Financial Technology Protection Act
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IH
Introduced in House
To establish an Independent Financial Technology Task Force to Combat Terrorism and Illicit Financing, to provide rewards for information leading to convictions related to terrorist use of digital currencies, to establish a Fintech Leadership in Innovation and Financial Intelligence Program to encourage the development of tools and programs to combat terrorist and illicit use of digital currencies, and for other purposes.
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2023-03-08T19:58:10Z
2023-03-08T19:58:10Z
3.0.0
H11100
2021-01-13
Budget Committee
hsbu00
2
House floor actions
Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferral
H11100
2021-01-13
Financial Services Committee
hsba00
2
House floor actions
Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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2021-01-13
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2021-01-13
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2021-01-13
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Rep. Lynch, Stephen F. [D-MA-8]
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2021-01-13
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Rep. Donalds, Byron [R-FL-19]
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2021-01-13
FL
S001200
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Darren
Rep. Soto, Darren [D-FL-9]
Soto
D
2021-01-13
FL
S001209
7
Abigail
Rep. Spanberger, Abigail Davis [D-VA-7]
Spanberger
Davis
D
2021-06-08
VA
Advanced technology and technological innovations Computer security and identity theft Computers and information technology Congressional oversight Crime prevention Criminal investigation, prosecution, interrogation Currency Fraud offenses and financial crimes Government trust funds Research administration and funding Research and development Terrorism
2021-01-13
Introduced in House
 <p><b>Financial Technology Protection Act </b></p> <p>This bill provides for the investigation of new financial technologies (e.g., digital currencies) and their use in terrorism and other illicit activities. </p> <p>Specifically, the bill establishes the Independent Financial Technology Task Force to Combat Terrorism and Illicit Financing, which must research terrorist and illicit use of new financial technologies and issue an annual report. </p> <p>The Department of the Treasury must establish a fund to provide a reward for a person who provides information leading to the conviction of an individual involved with terrorist use of digital currencies. </p> <p>Additionally, the bill establishes the FinTech Leadership in Innovation and Financial Intelligence Program to support the development of tools and programs to detect terrorist and illicit use of digital currencies. <p>
2021-02-11T14:31:29Z
00
Financial Technology Protection Act
Financial Technology Protection Act
Display Title
IH
Introduced in House
To establish an Independent Financial Technology Task Force to Combat Terrorism and Illicit Financing, to provide rewards for information leading to convictions related to terrorist use of digital currencies, to establish a Fintech Leadership in Innovation and Financial Intelligence Program to encourage the development of tools and programs to combat terrorist and illicit use of digital currencies, and for other purposes.
Official Title as Introduced
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Introduced in House
Financial Technology Protection Act
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2021-01-13
Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.