Week ending September 15, 2017
H.R.2433 – Homeland Security Assessment of Terrorists Use of Virtual Currencies Act
Under the bill “Not later than 120 days after the date of the enactment of this Act, the Under Secretary of Homeland Security for Intelligence and Analysis…shall, in coordination with appropriate Federal partners, develop and disseminate a threat assessment regarding the actual and potential threat posed by individuals using virtual currency to carry out activities in furtherance of an act of terrorism, including the provision of material support or resources to a foreign terrorist organization. Consistent with the protection of classified and confidential unclassified information, the Under Secretary shall share the threat assessment… with State, local, and tribal law enforcement officials, including officials that operate within State, local, and regional fusion centers through the Department of Homeland Security State, Local, and Regional Fusion Center Initiative established in section 210A of the Homeland Security Act of 2002 (6 U.S.C. 124h).”
The term “virtual currency” means a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value.
(Full text of H.R. 2433 congress.gov)
Sponsor: Rep. Rice, Kathleen M. [D-NY-4] (Introduced 05/16/2017)
VOTES and FLOOR ACTION
On Passage: On motion to suspend the rules and pass the bill Agreed to by voice vote.
Motion to recommit:
Text of the motion:
COST AND IMPACT
Cost to the taxpayers: Data not available
Pay-as-you-go requirements: Data not available
Regulatory and Other Impact: Data not available
Dynamic Scoring: Data not available
Tax Complexity: Not applicable to this bill.
Earmark Certification: Data not available
Duplication of programs: Data not available
Direct Rule-Making: Data not available
Advisory Committee Statement: Data not available
Budget Authority: Data not available
Constitutional Authority: Assumed.
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