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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (3)

Short Titles

Short Titles - House of Representatives

Short Titles as Passed House

Financial Technology Protection Act

Short Title(s) as Introduced

Financial Technology Protection Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To establish an Independent Financial Technology Task Force to Combat Terrorism and Illicit Financing, to provide rewards for information leading to convictions related to terrorist use of digital currencies, to establish a Fintech Leadership in Innovation and Financial Intelligence Program to encourage the development of tools and programs to combat terrorist and illicit use of digital currencies, and for other purposes.


Actions Overview (2)

Date Actions Overview
01/28/2019Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H1227-1228)
01/03/2019Introduced in House

All Actions (8)

Date Chamber All Actions
01/29/2019SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
01/28/2019-6:07pmHouseMotion to reconsider laid on the table Agreed to without objection.
01/28/2019-6:07pmHouseOn motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H1227-1228)
01/28/2019-5:42pmHouseDEBATE - The House proceeded with forty minutes of debate on H.R. 56.
01/28/2019-5:42pmHouseConsidered under suspension of the rules. (consideration: CR H1227-1231)
01/28/2019-5:42pmHouseMs. Waters moved to suspend the rules and pass the bill, as amended.
01/03/2019HouseReferred to the House Committee on Financial Services.
01/03/2019HouseIntroduced in House

Cosponsors (4)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Lynch, Stephen F. [D-MA-8]* 01/03/2019
Rep. Meadows, Mark [R-NC-11] 01/22/2019
Rep. Soto, Darren [D-FL-9] 01/22/2019
Rep. Davidson, Warren [R-OH-8] 01/22/2019

Committees (2)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
House Financial Services01/03/2019 Referred to
Senate Banking, Housing, and Urban Affairs01/29/2019 Referred to

No related bill information was received for H.R.56.


Latest Summary (2)

There are 2 summaries for H.R.56. View summaries

Shown Here:
Passed House (01/28/2019)

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.

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.