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H.R. 7022

Strengthening Cybersecurity for the Financial Sector Act of 2022

Strengthening Cybersecurity for the Financial Sector Act of 2022

This bill provides for the regulation and supervision of certain financial organizations and service providers.

Specifically, if a credit union that is subject to examination by the Board of Directors of the National Credit Union Administration delegates the performance of certain activities and services, the delegation must be disclosed and shall be subject to regulation and examination by the board.

Additionally, if the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, any Federal Home Loan Bank, or the Office of Finance of the Federal Home Loan Bank System delegates the performance of certain activities and services, the delegation must be disclosed and shall be subject to regulation and examination by the Federal Housing Finance Agency.

Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 24 - 22.

Rep. Foster, Bill [D-IL-11](D-IL)Sponsor
1committees5actions3subjects
  1. Committee

    Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 24 - 22.

    Financial Services Committee
  2. Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  3. IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  4. IntroReferralIntro-H

    Introduced in House

  5. IntroReferral1000

    Introduced in House

Strengthening Cybersecurity for the Financial Sector Act of 2022 — Informed