Financial Technology Protection Act of 2025

Hozzl · 2025-03-28T11:23:20Z

Explore the details of House Bill 2384 Financial Technology Protection Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

3/28/2025, 11:23 AM

Summary of Bill HR 2384

Bill 119 hr 2384, also known as the "Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing Act," aims to create a specialized group focused on utilizing financial technology to combat terrorism and illicit financing activities. The bill proposes the establishment of an Independent Financial Technology Working Group, which will be responsible for researching and implementing innovative strategies to address these pressing issues.

The working group will consist of experts in the fields of finance, technology, and national security, who will collaborate to develop and implement cutting-edge solutions to combat terrorism and illicit financing. The bill emphasizes the importance of leveraging financial technology, such as blockchain and artificial intelligence, to enhance the effectiveness of current anti-money laundering and counter-terrorism financing efforts.

Additionally, the working group will be tasked with conducting research, providing recommendations to Congress and relevant government agencies, and promoting public-private partnerships to strengthen the nation's defenses against terrorism and illicit financing. The bill also includes provisions for regular reporting and oversight to ensure transparency and accountability in the group's activities. Overall, Bill 119 hr 2384 seeks to harness the power of financial technology to bolster national security efforts and protect against the threats posed by terrorism and illicit financing. By establishing an Independent Financial Technology Working Group, this legislation aims to foster collaboration and innovation in the fight against these critical issues.

Current Status of Bill HR 2384

Bill HR 2384 is currently in the status of Bill Introduced since March 26, 2025. Bill HR 2384 was introduced during Congress 119 and was introduced to the House on March 26, 2025. Bill HR 2384's most recent activity was Referred to the House Committee on Financial Services. as of March 26, 2025

Bipartisan Support of Bill HR 2384

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 2384

Primary Policy Focus

Alternate Title(s) of Bill HR 2384

To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.

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Sponsors and Cosponsors of HR 2384

Zachary Nunn

Iowa(Republican)

James A. Himes

Connecticut(Democrat)

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