HR 5036 · 115th Congress · Finance and Financial Sector

Financial Technology Protection Act

Introduced 2018-02-15· Sponsored by Rep. Budd, Ted [R-NC-13]· House

Bill Progress

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Introduced
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Committee
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House Vote
4
Senate
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Enacted
Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2018-09-27)

Plain Language Summary

[AI summary unavailable — showing source text] 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. Specifically, the bill: establishes the Independent Financial Technology Task Force, which must report annually on such matters; establishes the FinTech Leadership in Innovation Program to support the development of tools and programs to detect such activities; and directs the Department of the Treasury to provide a reward for a person who provides information regarding terrorist use of digital currencies.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 5036, Financial Technology Protection Act

Sep 7, 2018

As reported by the House Committee on Financial Services on July 24, 2018

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (2)

2 Democrats
Rep. Lynch, Stephen F. [D-MA-8]MA
Rep. Sinema, Kyrsten [D-AZ-9]AZ