Financial Technology Protection Act of 2025 passed the House 117 days after introduction and awaits a vote in the Senate
Written by the Congressional Research Service [2]. 128 words.
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.
- Committees
- House Financial Services Committee
Senate Banking, Housing, and Urban Affairs Committee - Policy area
- Finance and Financial Sector: 53 of 3,256 bills became law, 113th–118th (1.6%)
- Sponsor
- 0 of 100 bills enacted since 2013
- Text versions
- 4, from introduced in house to referred in senate · 1,194 words
- Subjects
- Advanced technology and technological innovationsAdvisory bodiesBanking and financial institutions regulationComputers and information technologyCongressional oversightCurrency +8 more
- Latest action
- Jul 22, 2025: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Records
- Congress.gov · Bill text
Each bill appears once, under its strongest link. 1 in all.
Identical or companion · 1
- 119th S. 2609 Financial Technology Protection Act of 2025 R · Introduced