WASHINGTON – Legislation authored by U.S. Representative Anthony Gonzalez (R-Rocky River), H.R. 2613, the Advancing Innovation to Assist Law Enforcement Act, passed the U.S. House of Representatives Committee on Financial Services with unanimous support on Thursday as part of H.R. 2514, the Coordinating Oversight, Upgrading and Innovating Technology, and Examiner Reform Act of 2019. Rep. Gonzalez’s language takes steps to revolutionize the way law enforcement works to find and stop criminal activity in the financial services industry, including potential terrorist threats, using artificial intelligence, blockchain and other emerging technologies.
“America is the frontrunner in innovation. Our government should be leveraging our new technologies to keep our nation safe and stop crime, especially where our financial services industry and law enforcement can work as a team,” said Rep. Gonzalez. “I am pleased to see my language for this included in a larger bill that will provide law enforcement and financial institutions more tools to combat illicit activities. I look forward to continuing to work in a bipartisan manner with my colleagues on both sides of the aisle to move the ball forward and support our law enforcement.”
Rep. Gonzalez’s language will require the U.S. Treasury’s Financial Crimes Enforcement Network, FinCEN, to study the implementation of artificial intelligence, digital identity technologies, blockchain and other innovative and emerging technologies to improve the agency’s ability to identify and stop criminal activity and bad actors. The use of new technologies will also streamline government operations, allowing the agency to move quicker in the face of emerging threats. Rep. Gonzalez was recently appointed to serve on the Committee on Financial Services’ Task Force on Artificial Intelligence.