H.R. 2384 · Where this bill is now
In the Senate
Passed the House Jul 21, 2025. Received Jul 22, 2025; no Senate vote yet
What this bill does
In plain words · AI-written from the official summaryCreates group to study digital asset terrorism risks
This bill sets up a working group to study how terrorists and criminals use digital assets and emerging technologies to move money illegally. The group will look for ways to strengthen anti-money laundering and counterterrorism efforts and report their findings. At the same time, the Treasury Department must report on how hostile states and terrorist groups might use digital assets to dodge international sanctions, and propose ways to stop it.
How it affects you
This bill doesn't have a direct effect on most people's daily lives. It's focused on helping federal agencies better understand and prevent terrorists and criminals from exploiting new financial technologies, which benefits public security broadly.
Read the official summary (Introduced in House, Mar 26, 2025)
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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 2384
AN ACT
Financial Technology Protection Act of 2025
Sponsor: Rep. Zachary Nunn (R-IA-3) · Introduced Mar 26, 2025 · Finance and Financial Sector · 4 versions of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jul 22, 2025: “Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.”