118th Congress · HOUSE BILLBILL

H.R. 370 — FinCEN Modernization Act of 2023

“To amend title 31, United States Code, to modernize the research, development, information sharing, and acquisition process of the Financial Crimes Enforcement Network, and for other purposes.”

Finance and financial sector

Introduced Jan 17, 2023

Last action Jan 17, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jan 17, 2023

Step 2

Referred

Jan 17, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill requires the Financial Crimes Enforcement Network (FinCEN) to establish programs and perform research related to financial technology on topics such as machine learning, data analytics, and cryptocurrency. The bill allows FinCEN to enter into transactions and to accept gifts related to these objectives.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Jan 17, 2023

Introduced in House

Jan 17, 2023

Referred to the House Committee on Financial Services.