H.R. 8278
Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act
Sponsor: Marlin A. Stutzman
1 cosponsor
Official summary
Written by the Congressional Research Service.
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.
Text of the bill
Where this section came from
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Apr 14, 2026 · Introduced in House Referred to House Committee on Financial Services, Apr 14
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Jun 24, 2026 · Reported in House Marked up by House Committee on Financial Services, May 13 Reported by House Committee on Financial Services, Jun 24 Committee members' individual votes aren't in our records.
… 2 unchanged passages …
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fulfill mandates other than prudential supervision, including their mandates to assure consumer protection and monitor Bank Secrecy Act compliance
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) Agencies’ reliance on outdated technology can create vulnerabilities for the financial system, through—
… 7 unchanged passages …
(
5
6
) The rapid expansion of financial firms’ use of artificial intelligence may generate opportunities to improve the financial system while also introducing a range of risks, making it essential that agencies be equipped with the technology, expertise, and skills needed to analyze these opportunities and potential risks. (
6
7
) While agencies assess their supervisory capabilities on an ongoing basis, it is imperative that there be a unified goal of enhancing supervisory technologies that ensure effective and sustainable oversight.
What is a markup?
A markup is a committee meeting where members go through a bill and vote on changes before sending it to the full chamber.
Congress finds the following:
(1) Banking regulators continue to examine and monitor depository institutions without sufficient access to real-time information.
(2) Risk surrounding technology procurement may present challenges for updating supervisory technology.
(3) To ensure that prudential supervision is effective and sustainable in the digital age, agencies must leverage new technologies to allow for the financial monitoring necessary to preserve a safe and sound banking system.
(4) New technological tools are also necessary in order for agencies to effectively fulfill mandates other than prudential supervision, including their mandates to assure consumer protection and monitor Bank Secrecy Act compliance.
(5) Agencies’ reliance on outdated technology can create vulnerabilities for the financial system, through—
(A) difficulties in collecting, compiling, and analyzing relevant information about risks and noncompliance at supervised firms;
(B) reliance on information that is inaccurate, incomplete, or not timely;
(C) reliance on limited and outdated tools for data analysis;
(D) difficulties in using data to identify risk trends;
(E) difficulties in producing accurate and timely reports;
(F) inadequacy of cybersecurity safeguards; and
(G) failure to detect illegal activities.
(6) The rapid expansion of financial firms’ use of artificial intelligence may generate opportunities to improve the financial system while also introducing a range of risks, making it essential that agencies be equipped with the technology, expertise, and skills needed to analyze these opportunities and potential risks.
(7) While agencies assess their supervisory capabilities on an ongoing basis, it is imperative that there be a unified goal of enhancing supervisory technologies that ensure effective and sustainable oversight.