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H.R. 5036: Financial Technology Protection Act

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About the bill

Source: Republican Policy Committee

H.R. 5036 establishes an Independent Financial Technology Task Force (Task Force) with the goal of improving coordination between the private and public sectors to research and develop legislative and regulatory proposals to decrease terrorist and illicit use of new financial technologies, including digital currencies. The Task Force is required to report to Congress its findings and determinations not later than one year after the enactment date of this Act.

The Task Force is comprised of the Secretary of the Treasury, the Attorney General, the Director of National Intelligence, the ...

Sponsor and status

Ted Budd

Sponsor. Representative for North Carolina's 13th congressional district. Republican.

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Last Updated: Sep 27, 2018
Length: 8 pages
Introduced:

Feb 15, 2018

Status:

Passed House (Senate next) on Sep 26, 2018

This bill passed in the House on September 26, 2018 and goes to the Senate next for consideration.

Prognosis:

43% chance of being enacted according to Skopos Labs (details)

What stakeholders are saying

Institute for Spending Reform: SpendingTracker.org estimates H.R. 5036 will add $4 million in new spending through 2023.

History

Feb 15, 2018
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Jul 24, 2018
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Sep 21, 2018
 
On House Schedule

The House indicated that this bill would be considered in the week ahead.

Sep 26, 2018
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next. The vote was by voice vote so no record of individual votes was made.

Sep 26, 2018
 
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

If this bill has further action, the following steps may occur next:
 
Passed Senate

 
Signed by the President

H.R. 5036 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 5036 — 115th Congress: Financial Technology Protection Act.” www.GovTrack.us. 2018. October 21, 2018 <https://www.govtrack.us/congress/bills/115/hr5036>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.