Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act
- Introduced Apr 14
- Committee Apr 14
- Passed House Sep 15
- Passed Senate Next
- To President Not yet
- Law Not yet
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Summary
Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act
Full summary4 paragraphs
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.
Library of Congress summary, Jun 24, 2026
- Reported to HouseJun 24, 2026
Actions
- SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Sep 16, 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
- HouseConsidered as unfinished business. (consideration: CR H5822-5823)Sep 15, 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.Sep 14, 2026
- HouseReported (Amended) by the Committee on Financial Services. H. Rept. 119-711.Jun 24, 2026
- HousePlaced on the Union Calendar, Calendar No. 617.Jun 24, 2026
- HouseCommittee Consideration and Mark-up Session HeldMay 13, 2026
- HouseOrdered to be Reported (Amended) by the Yeas and Nays: 52 - 0.May 13, 2026
All actions14
- HouseIntroduced in HouseApr 14, 2026
- HouseReferred to the House Committee on Financial Services.Apr 14, 2026
Bill record
Text versions4
- Referred in SenateSep 16, 2026PDF: Referred in Senate
- Engrossed in HouseSep 15, 2026PDF: Engrossed in House
- Reported in HouseJun 24, 2026PDF: Reported in House
- Introduced in HouseApr 14, 2026PDF: Introduced in House
Committees2
- Senate Banking, Housing, and Urban Affairs CommitteeReferred To Sep 16, 2026
- House Financial Services CommitteeReported By Jun 24, 2026Markup By, May 13, 2026Referred To, Apr 14, 2026
Sponsor and cosponsors1 cosponsor
- Rep. Marlin Stutzman (R-IN-3)Sponsor, Apr 14, 2026
- Bill Foster (D-IL-11)OriginalJoined Apr 14, 2026
Amendments0
No amendments offered
Cost estimates and reports2
- CBO: H.R. 8278, Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision ActAug 27, 2026As reported by the House Committee on Financial Services on June 24, 2026
- H. Rept. 119-711Committee report
Titles2
- Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision ActShort Titles from RFS (Referred to Senate) bill text
- To require certain supervisory agencies to assess their technological capabilities, and for other purposes.Official Title as Introduced
Subjects7
Related bills0
No related bills listed
Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 28, 2026.