US Congress House Bill 56 (Prior Session Legislation)

---

Spectrum: Bipartisan Bill
Status: Engrossed on January 29 2019 - 50% progression, died in committee
Action: 2019-01-29 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]

Provides for the investigation of new financial technologies (e.g., digital currencies) and their use in terrorism and other illicit activities. The bill establishes the Independent Financial Technology Task Force to Combat Terrorism and Illicit Financing, which must research terrorist and illicit use of new financial technologies and issue an annual report. The bill directs the Department of the Treasury to provide a reward for a person who provides information leading to the conviction of an individual involved with terrorist use of digital currencies. The bill establishes the FinTech Leadership in Innovation and Financial Intelligence Program to support the development of tools and programs to detect terrorist and illicit use of digital currencies.

Financial Technology Protection Act

Sen. Ted Budd [R-NC]	Rep. Stephen Lynch [D-MA]	Rep. Mark Meadows [R-NC]	Rep. Darren Soto [D-FL]
Rep. Warren Davidson [R-OH]

Date	Chamber	Action
2019-01-29	Senate	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2019-01-28	House	Motion to reconsider laid on the table Agreed to without objection.
2019-01-28	House	On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H1227-1228)
2019-01-28	House	DEBATE - The House proceeded with forty minutes of debate on H.R. 56.
2019-01-28	House	Considered under suspension of the rules. (consideration: CR H1227-1231)
2019-01-28	House	Ms. Waters moved to suspend the rules and pass the bill, as amended.
2019-01-03	House	Referred to the House Committee on Financial Services.
2019-01-03	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/56/all-info
Text	https://www.congress.gov/116/bills/hr56/BILLS-116hr56ih.pdf
Text	https://www.congress.gov/116/bills/hr56/BILLS-116hr56eh.pdf