summary
Introduced
01/10/2018
01/10/2018
In Committee
01/10/2018
01/10/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
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.
AI Summary
This bill establishes the Independent Financial Technology Task Force to investigate the use of new financial technologies, such as digital currencies, in terrorism and other illicit activities. The bill also creates 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 information leading to the conviction of individuals involved in the terrorist use of digital currencies.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 01/10/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/4752/all-info |
| BillText | https://www.congress.gov/115/bills/hr4752/BILLS-115hr4752ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr4752/BILLS-115hr4752ih.pdf.pdf |
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