The record

LegislationLegislation· Jul 2025
HR 2384 Passed House — in Senate

Sponsored by Zachary Nunn (R)

Financial Technology Protection Act of 2025

Creates a federal task force to study how terrorists and criminal groups use digital assets and emerging technologies.

Tradeoff

Establishes a four-year working group to research and propose anti-money laundering and counter-terrorism strategies for digital assets. No direct spending authorization; reports due within one year and annually thereafter.

What's in it

See official bill text

Costs $1 million over 2025-2030 for administrative expenses subject to .

The $1 million is only the federal cost to staff and operate the Treasury working group — the bill itself creates no direct federal spending program or tax changes, just a research and reporting mandate.

H.R. 2384, Financial Technology Protection Act of 2025 · May 2025

Passed the House by on July 21, 2025 — sitting in the Senate.

  1. House

    Introduced

    (Mar 26, 2025)

  2. House

    Committee on Financial Services(Mar 26, 2025)

  3. House

    The Committee on Financial Services voted to send it to the floor

    Reported 49 - 0(Apr 2, 2025)

    Committee report H. Rept. 119-93.

  4. House

    Passage of the bill

    Passed by (Jul 21, 2025)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Jul 22, 2025)