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Protecting Against Terrorism and Illicit Digital Financing

This act establishes a new working group to research how digital money and new technologies are used to fund terrorism and other illegal activities. The goal is to develop better ways to combat these threats, which can enhance citizens' financial security and protect against fraud.
Key points
Creation of a special expert group to combat the use of digital technologies in crime.
The group will research threats and propose new regulations to protect citizens from illicit transactions.
The President will present a strategy to prevent sanctions evasion through digital assets, aiming to enhance national security.
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Status: Passed House
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Additional Information
Print number: 119_HR_2384
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2025-03-26