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
The bill creates independent financial technology working group to combat terrorism and illicit financing There is established the Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing (in this, provides preventing rogue and foreign actors from evading sanctions, and provides definitions In this Act: The term appropriate congressional committees means— the Committee on Banking, Housing, and Urban Affairs, the Committee on Finance, the Committee on Foreign Relations, the Committee on. It relies on appropriations, reporting requirements, compliance mandates, and trade restrictions. The main policy areas are Finance, Healthcare Consumers, Defense, and Environment.
Who Benefits and How
National security and critical infrastructure stakeholders affected by the bill could gain revenue opportunities, Foreign businesses and cross-border trade participants affected by the bill could gain revenue opportunities, and Financial services firms and customers affected by the bill could gain revenue opportunities.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, National security and critical infrastructure stakeholders affected by the bill would take on compliance duties, and Financial services firms and customers affected by the bill could lose revenue opportunities.
Key Provisions
- Creates independent financial technology working group to combat terrorism and illicit financing There is established the Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing (in this...
- Provides preventing rogue and foreign actors from evading sanctions.
- Provides definitions In this Act: The term appropriate congressional committees means— the Committee on Banking, Housing, and Urban Affairs, the Committee on Finance, the Committee on Foreign Relations, 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 with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates independent financial technology working group to combat terrorism and illicit financing There is established the Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing (in this, provides preventing rogue and foreign actors from evading sanctions, and provides definitions In this Act: The term appropriate congressional committees means— the Committee on Banking, Housing, and Urban Affairs, the Committee on Finance, the Committee on Foreign Relations, the Committee on.
Key Policy Areas
Finance, Healthcare Consumers, Defense, Environment
Primary Purpose
The bill creates independent financial technology working group to combat terrorism and illicit financing There is established the Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing (in this, provides preventing rogue and foreign actors from evading sanctions, and provides definitions In this Act: The term appropriate congressional committees means— the Committee on Banking, Housing, and Urban Affairs, the Committee on Finance, the Committee on Foreign Relations, the Committee on.
Policy Domains
Whole bill
Identified Gains
- National security and critical infrastructure stakeholders affected by the bill
- Foreign businesses and cross-border trade participants affected by the bill
- Financial services firms and customers affected by the bill
- Environmental and public health interests affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- National security and critical infrastructure stakeholders affected by the bill
- Financial services firms and customers affected by the bill
- Patients and health care consumers affected by the bill
- Homeowners, tenants, or housing market participants affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Budd (for himself and Mrs. Gillibrand) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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.
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