To establish an Independent Financial Technology Task Force, to provide rewards for information leading to convictions related to terrorist use of digital currencies, to establish a FinTech Leadership in Innovation Fund to encourage the development of tools and programs to combat terrorist and illicit use of digital currencies, and for other purposes.
USA115th CongressHR-4752| House
| Updated: 1/10/2018
Ted Budd
Republican Representative
North Carolina
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Financial Technology Innovation and Defense 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 Fund to support the development of tools and programs to detect such activity; and directs the Department of the Treasury to provide a reward for a person who provides information regarding terrorist use of digital currencies.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
Advanced technology and technological innovationsComputers and information technologyComputer security and identity theftCongressional oversightCrime preventionCriminal investigation, prosecution, interrogationCurrencyFraud offenses and financial crimesGovernment trust fundsResearch administration and fundingResearch and developmentTerrorism
To establish an Independent Financial Technology Task Force, to provide rewards for information leading to convictions related to terrorist use of digital currencies, to establish a FinTech Leadership in Innovation Fund to encourage the development of tools and programs to combat terrorist and illicit use of digital currencies, and for other purposes.
USA115th CongressHR-4752| House
| Updated: 1/10/2018
Financial Technology Innovation and Defense 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 Fund to support the development of tools and programs to detect such activity; and directs the Department of the Treasury to provide a reward for a person who provides information regarding terrorist use of digital currencies.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ted Budd
Republican Representative
North Carolina
Financial Services Committee
Finance and Financial Sector
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Advanced technology and technological innovationsComputers and information technologyComputer security and identity theftCongressional oversightCrime preventionCriminal investigation, prosecution, interrogationCurrencyFraud offenses and financial crimesGovernment trust fundsResearch administration and fundingResearch and developmentTerrorism