HR 8278
Passed a chamber
Requires six banking and financial regulators, including the Federal Reserve, the Consumer Financial Protection Bureau, the FDIC, Treasury, the FHFA, and the NCUA, to assess whether their current technology and procurement rules limit real-time oversight, then report to Congress.
Official title: Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
14-APR-2026
Referred
14-APR-2026
Approved by committee
13-MAY-2026
Reported
24-JUN-2026
On the calendar
24-JUN-2026
Passed
15-SEP-2026
Senate
Received
16-SEP-2026
- Requires each covered agency, within 180 days, to assess how its existing technology limits real-time supervision of the entities it oversees.
- Requires agencies to review their procurement rules and identify ways to streamline them where they have the authority to do so.
- Requires a joint report to the House Financial Services Committee and the Senate Banking Committee 18 months after the assessments are complete, and every 5 years after that.
Covers an older version. The newest CRS summary describes the bill as of "Reported to House" (24-JUN-2026); the text has changed since (Engrossed in House, 15-SEP-2026).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.govFinance and Financial Sector
■ 1 D
1 Democrat