Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary reported to house (Jun 24, 2026)
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.
What just happenedSep 16, 2026
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Engrossed in HouseSep 15, 2026
- Reported in HouseJun 24, 2026
- Introduced in HouseApr 14, 2026
- Sep 16, 2026IntroReferral
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Sep 15, 2026FloorH38310
Motion to reconsider laid on the table Agreed to without objection.
- Sep 15, 2026FloorH37300
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, 2026Floor8000
Passed/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, 2026FloorH30000
Considered as unfinished business. (consideration: CR H5822-5823)
- Sep 14, 2026FloorH37220
At 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, 2026FloorH8D000
DEBATE - The House proceeded with forty minutes of debate on H.R. 8278.
- Sep 14, 2026FloorH30000
Considered under suspension of the rules. (consideration: CR H5605-5608)
- Sep 14, 2026FloorH30300
Ms. De La Cruz moved to suspend the rules and pass the bill, as amended.
- Jun 24, 2026CalendarsH12410
Placed on the Union Calendar, Calendar No. 617.
- Jun 24, 2026CommitteeH12200
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-711.
Financial Services Committee - Jun 24, 2026Committee5000
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-711.
Financial Services Committee - May 13, 2026Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 52 - 0.
Financial Services Committee - May 13, 2026Committee
Committee Consideration and Mark-up Session Held
Financial Services Committee - Apr 14, 2026IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Apr 14, 2026IntroReferralIntro-H
Introduced in House
- Apr 14, 2026IntroReferral1000
Introduced in House