Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 56
116th Congress(2019-2020)
Financial Technology Protection Act
Active
Active
Passed House on Jan 28, 2019
Overview
Text
Sponsor
Republican
Introduced
Jan 3, 2019
Latest Action
Jan 29, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
56
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Ted Budd
North Carolina
Democrat
Darren Soto
Florida
Democrat
Stephen Lynch
Massachusetts
Republican
Mark Meadows
North Carolina
Republican
Warren Davidson
Ohio
House Votes (1)
Senate Votes (0)
checkPassed on January 28, 2019
Status
Passed
Type
Voice Vote
Voice Vote
A vote in which the presiding officer states the question, then asks those in favor and against to say "Yea" or "Nay," respectively, and announces the result according to his or her judgment. The names or numbers of senators voting on each side are not recorded.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H1227-1228)
Summary

Financial Technology Protection Act

This bill 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.

Text (3)
Referred in Senate
January 29, 2019
Engrossed in House
January 28, 2019
Introduced in House
January 3, 2019
Actions (9)
01/29/2019
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
01/28/2019
Motion to reconsider laid on the table Agreed to without objection.
01/28/2019
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H1227-1228)
01/28/2019
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H1227-1228)
01/28/2019
DEBATE - The House proceeded with forty minutes of debate on H.R. 56.
01/28/2019
Considered under suspension of the rules. (consideration: CR H1227-1231)
01/28/2019
Ms. Waters moved to suspend the rules and pass the bill, as amended.
01/03/2019
Referred to the House Committee on Financial Services.
01/03/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 2:47:38 PM
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