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H.R.4752 - Financial Technology Innovation and Defense Act115th Congress (2017-2018) |

Bill

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Sponsor: Rep. Budd, Ted [R-NC-13] (Introduced 01/10/2018)
Committees: House - Financial Services
Latest Action: House - 01/10/2018 Referred to the House Committee on Financial Services.  (All Actions)

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This bill has the status Introduced

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

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  • Constitutional Authority Statement
  • CBO Cost Estimates [0]

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Summary: H.R.4752 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.4752. Bill summaries are authored by CRS.

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Introduced in House (01/10/2018)

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.