senateStanding
Banking, Housing, and Urban Affairs Committee
- Referred To
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H.R. 2384Passed House
Financial Technology Protection Act of 2025
Introduced: Mar 26, 2025
Latest action date: Jul 22, 2025
Latest development
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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- Congress
- 119th Congress
- Introduced
- Mar 26, 2025
- Recorded roll calls
- 0
Status detail: The full action history records passage in the House.
Plain-language overview
What this bill does
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.
Official summary from Congress.gov.
Civixly topics
What this legislation is about
Civixly topics make federal and state legislation comparable. They are derived from the official CRS policy area and legislative subjects.
Budget & TaxesJustice & Public SafetyElections & GovernmentBusiness & EconomyTechnology & Communications
Official CRS policy area
Finance and Financial Sector
View 14 official legislative subjects
Advanced 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
Committee activity
Committees and subcommittees that received, reviewed, marked up, or reported this legislation.
Official committee record ↗
houseStanding
Financial Services Committee
- Referred To
- Markup By
- Reported By
Amendments
Proposed changes to this measure, with their latest official outcome or action from Congress.gov.
No amendments are listed for this measure.
Checked against Congress.gov Oct 22, 2026.
Action timeline
Newest action first. Action language comes from the official Congress.gov record.
View full action timeline15 actions
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
IntroReferralSenateMotion to reconsider laid on the table Agreed to without objection.
FloorHouse floor actionsOn motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3509-3510)
FloorHouse floor actionsPassed/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)
FloorLibrary of CongressDEBATE - The House proceeded with forty minutes of debate on H.R. 2384.
FloorHouse floor actionsConsidered under suspension of the rules. (consideration: CR H3509-3511)
FloorHouse floor actionsMr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
FloorHouse floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-93.
CommitteeHouse floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-93.
CommitteeLibrary of CongressPlaced on the Union Calendar, Calendar No. 67.
CalendarsHouse floor actionsOrdered to be Reported (Amended) by the Yeas and Nays: 49 - 0.
CommitteeHouse committee actionsCommittee Consideration and Mark-up Session Held
CommitteeHouse committee actionsIntroduced in House
IntroReferralLibrary of CongressIntroduced in House
IntroReferralLibrary of CongressReferred to the House Committee on Financial Services.
IntroReferralHouse floor actions
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