About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

LOG IN
LOG IN


H. Rept. 118-485 1 (2024-05-06)

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. 49-006