Summary: H.R.5036 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.5036. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/15/2018)

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.