Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act
H.R. 8278119th CongressFinance and Financial Sector
- Introduced
- Apr 14, 2026
- Latest action
- Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sep 16, 2026
Recorded votes
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houseH.R. 8278
Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision ActFast-track passagePassed417–7
Summary
Written by the nonpartisan Congressional Research Service.
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.