To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.
Sponsors
Legislative Progress
Passed HouseReceived; read twice and referred to the Committee on Banking, …
Passed House (inferred from eh version)
Additional sponsors: Mr. Davidson, Mr. Lawler, and Mr. Gottheimer
Reported with an amendment, committed to the Committee of the …
Mr. Nunn of Iowa (for himself and Mr. Himes) introduced …
Summary
What This Bill Does
Establishes an Independent Financial Technology Working Group chaired by Treasury to address terrorist and illicit use of financial technology, including cryptocurrency and blockchain.
Who Benefits and How
National security enhanced through coordinated fintech/crypto threat response. Industry gains formal engagement with government.
Who Bears the Burden and How
Treasury coordinates multi-agency working group. Industry representatives participate.
Key Provisions
- Chaired by Under Secretary for Terrorism and Financial Crimes
- Includes Treasury, DOJ, FBI, DEA, DHS, Secret Service, State, DNI
- Five private sector representatives (fintech, blockchain, financial institutions)
- Focus on terrorism and illicit financing
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Creates working group on financial technology to combat terrorism and illicit finance
Policy Domains
Legislative Strategy
"Public-private coordination on fintech threats"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → Secretary of the Treasury
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology