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H.R. 8278: Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act

119th Congress · introduced 2026-04-14 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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Official title

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

Plain 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.

Congressional Research Service summary (Reported to House), quoted unchanged (nonpartisan). Read the source.

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Official text

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

Source: Congressional Research Service summary (Reported to House)

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Officials and money

Sponsor: Rep. Stutzman, Marlin A. [R-IN-3] · 1 cosponsors

Money: CBO cost estimate: H.R. 8278, Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act (2026-08-27) No linked contracts or vendors yet.

Recorded votes

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Sources

Record fed-us-cong119-hr8278 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills