US HB56 | 2019-2020 | 116th Congress

Status

Spectrum: Bipartisan Bill
Status: Engrossed on January 29 2019 - 50% progression, died in committee
Action: 2019-01-29 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]

Summary

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.

Tracking Information

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Title

Financial Technology Protection Act

Sponsors


History

DateChamberAction
2019-01-29SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2019-01-28HouseMotion to reconsider laid on the table Agreed to without objection.
2019-01-28HouseOn motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H1227-1228)
2019-01-28HouseDEBATE - The House proceeded with forty minutes of debate on H.R. 56.
2019-01-28HouseConsidered under suspension of the rules. (consideration: CR H1227-1231)
2019-01-28HouseMs. Waters moved to suspend the rules and pass the bill, as amended.
2019-01-03HouseReferred to the House Committee on Financial Services.
2019-01-03HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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