Bill would push bank regulators to modernize monitoring technology
Passed one chamberH.R. 8278Latest action
Sponsor: Marlin A. Stutzman · Representative · IN
AIDecoded by AI · checked against the recordRead the official text
Official title: Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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HR 8278 requires major financial regulators to review their monitoring technology and report to Congress.
40-second read · 4 questions answered below
What does this do?
This bill requires major federal financial regulators to evaluate whether their technology allows real-time oversight of banks, credit unions, and other financial institutions, and to review their processes for buying or building new tech systems. Within 180 days, agencies must complete internal reviews, then jointly submit a detailed report to Congress within 18 months, updated every five years.
Who does it affect?
Affected agencies include the Federal Reserve, CFPB, FDIC, Treasury Department (including OCC and FinCEN), FHFA, and NCUA. Ordinary consumers and financial institutions may see indirect effects over time.
Why does it matter?
The bill does not create new regulations for banks directly, but pushes regulatory agencies to modernize monitoring tools and report on their technological readiness. This could affect how quickly agencies detect financial risks, fraud, or compliance problems in the future.
AI-drafted summary. Check it against the official text before you act on it.
Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedApr 14, 2026
- House committee
- House vote
- SenateYou are here · Sep 16, 2026
- The president's desk
Right now: it passed the House, and the official record shows nothing new since. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Recorded votes
Roll-call votes recorded since January 3, 2025.
House · · Roll call 302
As recorded
- Question
- On Motion to and Pass, as Amended
- Result:
- Passed
- 417
- Nay
- 7
- 0
- 9
Republicans 203 yes, 7 no, 8 not voting · Democrats 213 yes, 1 not voting · Independent 1 yes
Official recordHow members voted
The official record lists how each member voted.Official record