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; 1 is an original cosponsor, there from 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 |
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 Mar 26, 2025Markup Apr 2, 2025Reported May 6, 2025 |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Jul 22, 2025 |
Actions 12
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, 2025Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- Jul 21, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 2384.
- Jul 21, 2025Passed/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)
- Jul 21, 2025Motion to reconsider laid on the table Agreed to without objection.
- May 6, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-93.
- May 6, 2025Placed on the Union Calendar, Calendar No. 67.
- Apr 2, 2025Committee Consideration and Mark-up Session Held
- Apr 2, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0.
- Mar 26, 2025Introduced in House
- Mar 26, 2025Referred 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 H3509–H3511Text printed H3509Cost estimates H3510 | J. French Hill R-AR, Maxine Waters D-CA, Zachary Nunn R-IA | Jul 21, 2025 |
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
- May 29, 2025H.R. 2384, Financial Technology Protection Act of 2025As reported by the House Committee on Financial Services on May 6, 2025
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 171, no. 55, March 26, 2025, page H1303.
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 |
Titles 6
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 2025
- Short Title(s) as Reported to House
- Financial Technology Protection Act of 2025
- Short Title(s) as Passed House
- Financial Technology Protection Act of 2025
- Short Titles from RFS (Referred to Senate) bill text
- Financial Technology Protection Act of 2025
- Official Title from EH (Engrossed in House) bill text
- To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
