H.R. 2384

119th Congress

In Committee

Financial Technology Protection Act of 2025

Sponsored byRepublican:Rep. Nunn, Zachary [R-IA-3]IA· Introduced 26 March 2025
Open on Congress.gov

4

Cosponsors

15

Actions

0

Amendments

2

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

22 July 2025·1 year ago

Summary

Introduced in House · Updated 18 July 2025

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. 

Timeline

15 actions

  1. Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    22 July 2025 · IntroReferral

  2. Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.

    21 July 2025 · Floor

  3. DEBATE - The House proceeded with forty minutes of debate on H.R. 2384.

    21 July 2025 · Floor

  4. Considered under suspension of the rules. (consideration: CR H3509-3511)

    21 July 2025 · Floor

  5. Passed/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)

    21 July 2025 · Floor

  6. On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3509-3510)

    21 July 2025 · Floor

  7. Motion to reconsider laid on the table Agreed to without objection.

    21 July 2025 · Floor

  8. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-93.

    6 May 2025 · Committee

  9. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-93.

    6 May 2025 · Committee

  10. Placed on the Union Calendar, Calendar No. 67.

    6 May 2025 · Calendars

  11. Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0.

    2 April 2025 · Committee

  12. Committee Consideration and Mark-up Session Held

    2 April 2025 · Committee

  13. Referred to the House Committee on Financial Services.

    26 March 2025 · IntroReferral

  14. Introduced in House

    26 March 2025 · IntroReferral

  15. Introduced in House

    26 March 2025 · IntroReferral

Sponsorship

4 cosponsors

Sponsor

Republican:Rep. Nunn, Zachary [R-IA-3]IA

Cosponsors

  • Democrat250%
  • Republican250%

Classification

Policy area

Finance and Financial Sector

Legislative subjects

Advanced technology and technological innovationsAdvisory bodiesBanking and financial institutions regulationComputers and information technologyCongressional oversightCurrencyDepartment of the TreasuryDigital mediaFraud offenses and financial crimesGovernment information and archivesGovernment studies and investigationsPresidents and presidential powers, Vice Presidents

Committees

2

  • Financial Services Committee

    House · Standing

    • Referred To26 Mar 2025
    • Markup By2 Apr 2025
    • Reported By6 May 2025

  • Banking, Housing, and Urban Affairs Committee

    Senate · Standing

    • Referred To22 Jul 2025

Reports

Cosponsor momentum

Cumulative over time

Cosponsors grew from 1 on 26 March 2025 to 4 on 1 April 2025.

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