Financial Technology Protection Act

Summary

Financial Technology Protection Act This bill provides for the investigation of new financial technologies (e.g., digital currencies) and their use in terrorism and other illicit activities. 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. The bill directs the Department of the Treasury to provide a reward for a person who provides information leading to the conviction of an individual involved with terrorist use of digital currencies. 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.

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Timeline

1. 3 January 2019

   Introduced

   Introduced in House

   Source: IntroReferral

2. 3 January 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 January 2019

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

4. 28 January 2019

   Passed

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

   Source: Floor

5. 28 January 2019

   Passed

   On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H1227-1228)

   Source: Floor

6. 28 January 2019

   Passed

   Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H1227-1228)

   Source: Floor

7. 28 January 2019

   Floor

   DEBATE - The House proceeded with forty minutes of debate on H.R. 56.

   Source: Floor

8. 28 January 2019

   Floor

   Considered under suspension of the rules. (consideration: CR H1227-1231)

   Source: Floor

9. 28 January 2019

   Floor

   Ms. Waters moved to suspend the rules and pass the bill, as amended.

   Source: Floor

10. 29 January 2019

    Introduced

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

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Referred in Senate · 29 January 2019 · Official file
• Engrossed in House · 28 January 2019 · Official file
• Introduced in House · 3 January 2019 · Official file

Documents

8 official files

• Referred in Senate (text)

  Referred in Senate · EN · 29 January 2019

  ViewDownloadOpen at official source

• Referred in Senate (PDF)

  Referred in Senate · EN · 29 January 2019

  ViewDownloadOpen at official source

• Engrossed in House (text)

  Engrossed in House · EN · 28 January 2019

  ViewDownloadOpen at official source

• Engrossed in House (PDF)

  Engrossed in House · EN · 28 January 2019

  ViewDownloadOpen at official source

• Passed House

  summary · EN · 28 January 2019

  Open at official source

• Introduced in House (text)

  Introduced in House · EN · 3 January 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 3 January 2019

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 January 2019

  Open at official source

Sponsors

• Ted Budd · R · Sponsor
• Rep. Lynch, Stephen F. [D-MA-8] · D · Sponsor
• Mark Meadows · R · Cosponsor
• Darren Soto · D · Cosponsor
• Warren Davidson · R · Cosponsor
• · ssbk00 · Standing
• · hsba00 · Standing

Related records

• related to → Financial Technology Protection Act