HR 8278

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

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.

Bill status

Status: Reported
Sponsor: Rep. Marlin A. Stutzman [R-IN-3]
Cosponsors: 1
Policy area: Finance and Financial Sector
Introduced: 2026-04-14
Latest action: 2026-06-24: Placed on the Union Calendar, Calendar No. 617.

Committee referrals

Recent actions

2026-06-24: Placed on the Union Calendar, Calendar No. 617.
2026-06-24: Reported (Amended) by the Committee on Financial Services. H. Rept. 119-711.
2026-06-24: Reported (Amended) by the Committee on Financial Services. H. Rept. 119-711.
2026-05-13: Ordered to be Reported (Amended) by the Yeas and Nays: 52 - 0.
2026-05-13: Committee Consideration and Mark-up Session Held