HR 296
Financial Technology Protection Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Financial Technology Protection Act aims to combat the use of digital currencies and other emerging technologies for terrorism and illicit financing. It establishes a task force to research these threats, creates a fund for rewarding information leading to convictions, and supports the development of tools to detect illegal activity. The bill also directs the Treasury Department to assess and mitigate the risks posed by these technologies to sanctions evasion and national security.
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Primary sponsor
Cosponsors
Abigail Davis Spanberger
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