16
17
17
Financial Technology Protection Act of 2025
7/26/2025, 8:26 PM
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.
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.
Congressional Summary of HR 2384
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.
Read the Full Bill
Current Status of Bill HR 2384
Bill HR 2384 is currently in the status of Introduced to Senate since July 22, 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 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of July 22, 2025
Bipartisan Support of Bill HR 2384
Total Number of Sponsors
21Democrat Sponsors
0Republican Sponsors
21Unaffiliated Sponsors
0Total Number of Cosponsors
8Democrat Cosponsors
4Republican Cosponsors
4Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 2384
Primary Policy Focus
Finance and Financial SectorAlternate 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.
Comments
Jadiel Sparks
766
10 months ago
I'm not sure about this new bill, but I hope it doesn't mess things up too much. #uncertain #shorttermimpact
Madelyn Hopkins
729
11 months ago
This bill is so sad, it's gonna hurt a lot of people. I don't like it at all. Who benefits from this?
Sponsors and Cosponsors of HR 2384
Latest Bills
To authorize the Secretary of Education, in collaboration with the Secretary of Health and Human Services, to establish an interagency advisory Commission on Advancing Restorative Justice in Elementary and Secondary Education, and for other purposes.
Bill HR 8360April 17, 2026
To amend the Higher Education Act of 1965 to remove all adverse credit history related to a loan from the credit history of a borrower who has rehabilitated the loan.
Bill HR 8361April 17, 2026
To reauthorize the YouthBuild program, and for other purposes.
Bill HR 8333April 17, 2026
To raise the Foreign Service mandatory retirement age by aligning it with the Social Security Full Retirement Age, and for other purposes.
Bill HR 8346April 17, 2026
To amend the FISA Amendments Act of 2008 to extend the authorities of title VII of the Foreign Intelligence Surveillance Act of 1978 through April 30, 2026, and for other purposes.
Bill HR 8322April 17, 2026
To amend title II of the Social Security Act to repeal the retirement earnings test, and for other purposes.
Bill HR 8344April 17, 2026
To amend section 133 of title 23, United States Code, to remove a certain State funding set-aside for transportation alternative programs, and for other purposes.
Bill HR 8349April 17, 2026
To amend title XI of the Social Security Act to require the Center for Medicare and Medicaid Innovation to test a model to reduce chronic diseases by using accountable produce is medicine.
Bill HR 8355April 17, 2026
To amend the Federal Food, Drug, and Cosmetic Act to enhance drug manufacturing amount information reporting, and for other purposes.
Bill HR 8339April 17, 2026
Supporting the designation of the week of April 11 through April 17, 2026, as "Black Maternal Health Week", founded by Black Mamas Matter Alliance, Inc. (BMMA), to bring national attention to the maternal and reproductive health crisis in the United States and the importance of reducing maternal mortality and morbidity among Black women and birthing people.
Bill HRES 1183April 17, 2026