# 119-hr-2384: Financial Technology Protection Act of 2025

119-hr-2384, Financial Technology Protection Act of 2025, is a 119th Congress bill sponsored by Rep. Nunn, Zachary [R-IA-3] (R-IA); status passed_house; PRIA reads it as touching household money (as of 2026-07-19).

- Canonical: https://policyrisk.com/legislation/119-hr-2384
- As of: 2026-07-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-2384
- Congress: 119
- Title: Financial Technology Protection Act of 2025
- Status: passed_house
- Introduced: 2025-03-26
- Sponsor: Rep. Nunn, Zachary [R-IA-3] (R-IA)
- Cosponsors: 4
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-07-19

## Summary

**Creates a Treasury-led working group to coordinate U.S. policy on the illicit use of digital assets and related emerging technologies.** The group would research terrorist and criminal uses of digital assets, develop legislative and regulatory proposals, and deliver regular public and classified reports. - Federal agencies and law enforcement would be tied together under the Treasury Under Secretary for Terrorism and Financial Crimes, with senior reps from Treasury, IRS, DOJ, FBI, DEA, DHS, Secret Service, State, and the Office of the Director of National Intelligence. The group must issue a report within 1 year and then annual reports for 3 years. - Fintech and financial sector actors would get a formal voice through at least five appointees representing fintech companies, blockchain intelligence firms, financial institutions, and research organizations to help shape proposals. - Privacy and civil liberties groups must be among the appointees, giving those perspectives a defined role in the group's research and recommendations. - The President must submit a sanctions-evasion report within 180 days with a public unclassified portion posted on the Treasury website and may include a classified annex. The Treasury must brief congressional committees on the strategy within 2 years. - The Working Group would terminate 4 years after enactment, with wind-down authority and transfer of any unobligated funds back to the Treasury on termination.

## Cosponsors (4)

- Rep. Himes, James A. [D-CT-4] (D-CT), 2025-03-26T00:00:00.000Z
- Rep. Davidson, Warren [R-OH-8] (R-OH), 2025-03-31T00:00:00.000Z
- Rep. Lawler, Michael [R-NY-17] (R-NY), 2025-03-31T00:00:00.000Z
- Rep. Gottheimer, Josh [D-NJ-5] (D-NJ), 2025-04-01T00:00:00.000Z

## Provisions PRIA read

- New federal task force on crypto crime: benefit, low. This bill would set up a federal working group to fight illicit use of digital assets. Treasury would lead it through the Under Secretary for Terrorism and Financial Crimes. Senior officials from Treasury and its Office of Terrorism and Financial Intelligence, IRS, Justice, FBI, DEA, Homeland Secur…
- Defines digital assets and illicit use: mixed, low. The bill would define key terms used in the act. It would set meanings for digital asset, blockchain intelligence company, emerging technologies, foreign terrorist organization, terrorist, and illicit use. Illicit use would include fraud, darknet markets, money laundering, sanctions evasion, theft,…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-3633: Digital Asset Market Clarity Act
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-6161: SEC Data Protection Act
- 119-hr-452: Miracle on Ice Congressional Gold Medal Act

## Sources
- [119-hr-2384 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/2384)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-3633: Digital Asset Market Clarity Act](https://policyrisk.com/legislation/119-hr-3633)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-6161: SEC Data Protection Act](https://policyrisk.com/legislation/119-hr-6161)
- [119-hr-452: Miracle on Ice Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-452)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-2384 (as of 2026-07-19).