Bill Detail
S. 2609
Congress: 119
Title
Financial Technology Protection Act of 2025
Summary
Financial Technology Protection Act of 2025 This bill establishes the Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing. The working group must study and report on terrorist and illicit use of digital assets and other related emerging technologies and develop proposals to improve anti-money laundering and counterterrorist financing efforts. The working group terminates four years after the bill's enactment or after the working group completes any ongoing activities, whichever is later. In addition, the Department of the Treasury must (1) report on the potential use of digital assets and other emerging technologies by states, nonstate actors, and terrorist groups for the purpose of evading sanctions to threaten the national security of the United States; and (2) describe a strategy to mitigate and prevent this usage.
Sponsor
Sen. Ted Budd [R-NC]
Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Status as of Aug 5, 7:37 AM · synced 9d ago
Introduced
2025-07-31
Data source mode: congress-gov
Bill Engagement
Financial Technology Protection Act of 2025 This bill establishes the Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing.
Lobbyists on the case
- Farragut Partners LLP1 filing · 9 lobs
- Kristen Bautz2026 Q1Farragut Partners LLP · Senior Advisor and Special Projects Coordinator, Rep Wasserman Shultz
- Jody Gale2026 Q1
Prepared intelligence brief
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