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Legislative record

119-HR8278FEDERALIn Committee

Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act

Voted 9/16/2026View source

Summary

This bill requires specified federal financial agencies to assess their technological capabilities and procurement practices. Specifically, agencies (the Federal Reserve Board, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Department of the Treasury, the Office of the Comptroller of the Currency, the Financial Crimes Enforcement Network, the Federal Housing Finance Agency, and the National Credit Union Administration) must assess the technology used by the agency and its capabilities to conduct real-time supervisory assessments of entities over which the agency has supervisory authority. Additionally, the agencies must assess the applicable procurement rules and protocols when acquiring or developing new technological systems and identify any opportunities to streamline these procedures. Every five years, these agencies must report to specified congressional committees. Among other topics, the report must contain an overview of the technology used in supervisory assessments and any anticipated upgrades, a description of procurement practices, an overview of the agency’s technology development workforce, and details regarding data sharing procedures.

Summary written by the Congressional Research Service, Library of Congress. Heard is not affiliated with it. Written at: Reported to House, 6/24/2026.

Bill text

Read the full text of the Referred in Senate version (9/16/2026), exactly as published — 7,977 characters.

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Roll-call record

How representatives voted

417 yea·7 nay·9 other