Financial Technology Protection Act of 2025
Latest action · Jul 22, 2025 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.
- IntroducedMar 26, 2025
- Passed HouseJul 21, 2025
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Mar 26, 2025 to Apr 1, 2025, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CT | James A. Himes | Original | Mar 26, 2025 |
| R-NY | Michael Lawler | Mar 31, 2025 | |
| R-OH | Warren Davidson | Mar 31, 2025 | |
| D-NJ | Josh Gottheimer | Apr 1, 2025 |
Actions 14
Everything that happened, newest first.
- Jul 22, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jul 21, 2025Considered under suspension of the rules. (consideration: CR H3509-3511)
- Jul 21, 2025Considered under suspension of the rules. (consideration: CR H3509-3511: 1)
- Jul 21, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 2384.
- Jul 21, 2025Motion to reconsider laid on the table Agreed to without objection.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2609 | Financial Technology Protection Act of 2025 | Identical bill | Jul 31, 2025 |
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 22, 2025Referred in Senate
- Jul 21, 2025Engrossed in House
- May 6, 2025Reported in House
- Mar 26, 2025Introduced 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.