To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators. The main policy domain is Government Operations, Finance, Technology.
Who Benefits and How
federal agencies and legislative administrators may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HBD655A2DB154431382E530BAB88B515E: 1. Short title This Act may be cited as the Financial Technology Protection Act of 2023 .
- Section H4123D606BE4D4EA18D16B3213492EBEE: 2. Independent financial technology working group to combat terrorism and illicit financing There is established the Independent Financial Technology Working...
- Section H820EE67099AB40D8B4C68677D61B65B8: 3. Preventing rogue and foreign actors from evading sanctions Not later than 180 days after the date of the enactment of this Act, the President, acting...
- Section H81617E2AA40B4BE58F3DC9703A2E5E36: 4. Definitions In this Act: The term appropriate congressional committees means— the Committee on Banking, Housing, and Urban Affairs, the Committee on...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
This bill, To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators.
Key Policy Areas
Government Operations, Finance, Technology
Primary Purpose
This bill, To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators.
Policy Domains
Whole bill
Identified Gains
Contextual inference, no direct clause citation- federal agencies and legislative administrators
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- federal implementing agencies
Contextual inference, no direct clause citation
Sponsors
Legislative Progress
ReportedReceived; read twice and referred to the Committee on Banking, …
Additional sponsors: Mr. Davidson, Mr. Lawler, and Mr. Timmons
Reported with an amendment, committed to the Committee of the …
Mr. Nunn of Iowa (for himself and Mr. Himes) introduced …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Blockchain intelligence companies
Financial technology companies
Financial institutions with digital asset operations
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → 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