; and (2) with respect to any such amounts remaining after payments are made under paragraphs (1) and (2), deposit such amounts in the FinTech Leadership in Innovation Program. 5. FinTech Leadership in Innovation Program (a) Establishment There is established a program to be known as the FinTech Leadership in Innovation Program , which shall be funded as provided under section 4(b)(2). (b) Innovation grants (1) In general The Secretary of the Treasury shall make grants for the development of tools and programs to detect terrorist and illicit use of digital currencies. (2) Eligible recipients The Secretary may make grants under this subsection to entities located in the United States, including academic institutions, companies, nonprofit institutions, individuals, and any other entities locating in the United States that the Secretary determines appropriate. (3) Eligible projects With respect to tools and programs described under paragraph (1), in addition to grants for the development of such tools and programs, the Secretary may make grants under this subsection to carry out pilot programs using such tools, the development of test cases using such tools, and research related to such tools. (4) Preferences In making grants under this subsection, the Secretary shall give preference to— (A) technology that is nonproprietary or that is community commons-based; (B) computer code that is developed and released on an open source basis; (C) tools that are proactive (such as meeting regulatory requirements under know your customer and anti-money laundering requirements for any entity that has to comply with U.S. Government regulations) vs. reactive (such as aiding law enforcement organizations in catching illegal activity after the fact)