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![handle is hein.congrecreports/crptxagds0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
118TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 118-485
FINANCIAL TECHNOLOGY PROTECTION ACT OF 2023
MAY 6, 2024.-Committed to the Committee of the Whole House on the State of the
Union and ordered to be printed
Mr. McHENRY, from the Committee on Financial Services,
submitted the following
REPORT
[To accompany H.R. 2969]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 2969) to establish an Independent Financial Technology
Working Group to Combat Terrorism and Illicit Financing, and for
other purposes, having considered the same, reports favorably
thereon with an amendment and recommends that the bill as
amended do pass.
CONTENTS
Page
Purpose and Sum m ary ............................................................................................ 3
Background and Need for Legislation ................................................................... 4
R elated H earings ..................................................................................................... 4
Com m ittee Consideration ........................................................................................ 5
C om m ittee V otes ...................................................................................................... 5
Com m ittee Oversight Findings .............................................................................. 8
Performance Goals and Objectives ......................................................................... 8
Congressional Budget Office Estimates ................................................................. 8
New Budget Authority, Entitlement Authority, and Tax Expenditures ............. 8
Federal M andates Statem ent ................................................................................. 8
Advisory Com m ittee Statem ent ............................................................................. 9
Applicability to Legislative Branch ....................................................................... 9
Earm ark Identification ............................................................................................ 9
Duplication of Federal Program s ............................................................................ 9
Section-By-Section Analysis of the Legislation .................................................... 9
The amendment is as follows:
Strike all after the enacting clause and insert the following:
SECTION 1. SHORT TITLE.
This Act may be cited as the Financial Technology Protection Act of 2023.
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