Federal · 119th Congress
Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act
Policy areaFinance and Financial Sector
Summary
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.
Sponsor
Cosponsors
Floor votes
Other titles2
To require certain supervisory agencies to assess their technological capabilities, and for other purposes.Official Title as IntroducedOfficial Title from EH (Engrossed in House) bill text
Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision ActShort Title(s) as IntroducedShort Title(s) as Reported to HouseShort Title(s) as Passed HouseShort Titles from RFS (Referred to Senate) bill text
Legislative history14
Sep 16, 2026
SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 15, 2026
House · FloorMotion to reconsider laid on the table Agreed to without objection.
Sep 15, 2026
House · Floor
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)Roll Call 302417–7
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Sep 15, 2026
House · FloorConsidered as unfinished business. (consideration: CR H5822-5823)
Sep 14, 2026
House · FloorAt 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, 2026
House · FloorDEBATE - The House proceeded with forty minutes of debate on H.R. 8278.
Sep 14, 2026
House · FloorConsidered under suspension of the rules. (consideration: CR H5605-5608)
Sep 14, 2026
House · FloorMs. De La Cruz moved to suspend the rules and pass the bill, as amended.
Jun 24, 2026
HousePlaced on the Union Calendar, Calendar No. 617.
Jun 24, 2026
House · CommitteeReported (Amended) by the Committee on Financial Services. H. Rept. 119-711.
May 13, 2026
House · CommitteeOrdered to be Reported (Amended) by the Yeas and Nays: 52 - 0.
May 13, 2026
House · CommitteeCommittee Consideration and Mark-up Session Held
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Documents5
Texts
As referred to a Senate committeeLatestReferred in SenateU.S. Government Publishing OfficeSep 16, 2026As passed by the HouseEngrossed in HouseU.S. Government Publishing OfficeSep 15, 2026As reported by the House committeeReported in HouseU.S. Government Publishing OfficeJun 24, 2026As introduced in the HouseIntroduced in HouseU.S. Government Publishing OfficeApr 14, 2026