Financial Technology Protection Act of 2023
Latest action · Jul 23, 2024 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 27, 2023
- Passed HouseJul 22, 2024
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Financial Technology Protection Act of 2023
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 new financial technologies and develop proposals to improve anti-money laundering and counterterrorist financing efforts.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Apr 27, 2023 to Jun 20, 2023; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CT | James A. Himes | Original | Apr 27, 2023 |
| R-OH | Warren Davidson | May 30, 2023 | |
| R-NY | Michael Lawler | Jun 1, 2023 | |
| R-SC | William R. Timmons IV | Jun 20, 2023 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Apr 27, 2023Markup Jul 26, 2023Reported May 6, 2024 |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Jul 23, 2024 |
Actions 12
Everything that happened, newest first.
- Jul 23, 2024Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jul 22, 2024Mr. Nunn (IA) moved to suspend the rules and pass the bill, as amended.
- Jul 22, 2024Considered under suspension of the rules. (consideration: CR H4651-4653)
- Jul 22, 2024DEBATE - The House proceeded with forty minutes of debate on H.R. 2969.
- Jul 22, 2024Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4651-4652)
- Jul 22, 2024Motion to reconsider laid on the table Agreed to without objection.
- May 6, 2024Reported (Amended) by the Committee on Financial Services. H. Rept. 118-485.
- May 6, 2024Placed on the Union Calendar, Calendar No. 402.
- Jul 26, 2023Committee Consideration and Mark-up Session Held
- Jul 26, 2023Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 50 - 0.
- Apr 27, 2023Introduced in House
- Apr 27, 2023Referred to the House Committee on Financial Services.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H4651–H4653Text printed H4651 | Monica De La Cruz R-TX, Wiley Nickel D-NC, Zachary Nunn R-IA | Jul 22, 2024 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Sep 19, 2023H.R. 2969, Financial Technology Protection Act of 2023As ordered reported by the House Committee on Financial Services on July 26, 2023
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 169, no. 71, April 27, 2023, page H2087.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1340 | Financial Technology Protection Act of 2023 | Identical bill | Apr 27, 2023 |
Titles 5
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.
- Short Title(s) as Introduced
- Financial Technology Protection Act of 2023
- Short Title(s) as Reported to House
- Financial Technology Protection Act of 2023
- Short Title(s) as Passed House
- Financial Technology Protection Act of 2023
- Short Titles from RFS (Referred to Senate) bill text
- Financial Technology Protection Act of 2023
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Advanced technology and technological innovations
- Advisory bodies
- Banking and financial institutions regulation
- Computers and information technology
- Congressional oversight
- Currency
- Department of the Treasury
- Digital media
- Finance and Financial Sector
- Fraud offenses and financial crimes
- Government information and archives
- Government studies and investigations
- Presidents and presidential powers, Vice Presidents
- Sanctions
- Terrorism
Text 4
Each version as it was printed, newest first.
- Jul 23, 2024Referred in Senate
- Jul 22, 2024Engrossed in House
- May 6, 2024Reported in House
- Apr 27, 2023Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
