Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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Official Summary
Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act 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.
Actions
- Sep 16, 2026 · SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sep 15, 2026 · HouseMotion to reconsider laid on the table Agreed to without objection.
- Sep 15, 2026 · HouseOn motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 417 - 7 (Roll no. 302). (text: CR H5605)
- Sep 15, 2026 · HousePassed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 417 - 7 (Roll no. 302). (text: CR H5605)
- Sep 15, 2026 · HouseConsidered as unfinished business. (consideration: CR H5822-5823)
- Sep 14, 2026 · HouseAt the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
- Sep 14, 2026 · HouseDEBATE - The House proceeded with forty minutes of debate on H.R. 8278.
- Sep 14, 2026 · HouseConsidered under suspension of the rules. (consideration: CR H5605-5608)
- Sep 14, 2026 · HouseMs. De La Cruz moved to suspend the rules and pass the bill, as amended.
- Jun 24, 2026 · HousePlaced on the Union Calendar, Calendar No. 617.
- Jun 24, 2026 · HouseReported (Amended) by the Committee on Financial Services. H. Rept. 119-711.
- Jun 24, 2026 · HouseReported (Amended) by the Committee on Financial Services. H. Rept. 119-711.
- May 13, 2026 · HouseOrdered to be Reported (Amended) by the Yeas and Nays: 52 - 0.
- May 13, 2026 · HouseCommittee Consideration and Mark-up Session Held
- Apr 14, 2026 · HouseReferred to the House Committee on Financial Services.
- Apr 14, 2026 · HouseIntroduced in House
- Apr 14, 2026 · HouseIntroduced in House
Roll Call Votes
Full Text & Official Record
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