H.R. 4752 · 115th Congress
Financial Technology Innovation and Defense Act
- Stage
- In committee
- Sponsor
- Ted Budd
- Introduced
- 2018-01-10
- Latest action
- 2018-01-10 · Introduced in House
Summary
Financial Technology Innovation and Defense 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 Fund to support the development of tools and programs to detect such activity; and directs the Department of the Treasury to provide a reward for a person who provides information regarding terrorist use of digital currencies.