H.R. 8278 · Where this bill is now
In the Senate
Passed the House Sep 15, 2026. Received Sep 16, 2026; no Senate vote yet
What this bill does
In plain words · AI-written from the official summaryFinancial regulators assess and improve their technology
This bill asks eight federal financial agencies—like the Federal Reserve and the Consumer Financial Protection Bureau—to take a close look at the technology they use to oversee banks and other financial institutions. These agencies would evaluate whether they can do real-time monitoring (checking on things as they happen) and identify ways to make their purchasing and technology development processes faster and more efficient. Every five years, they'd report back to Congress on what technology they're using, what upgrades they're planning, and how they're handling their data.
How it affects you
This affects people indirectly through the banks and financial companies they use. If regulators have better technology and smoother processes for buying it, they may be able to spot problems at financial institutions more quickly and keep the financial system safer. You won't see a direct change in your own life, but the bill is about making sure the agencies watching over your bank have modern tools to do their job.
Read the official summary (Reported to House, Jun 24, 2026)
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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
2nd SessionH. R. 8278
AN ACT
Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act
Sponsor: Rep. Marlin A. Stutzman (R-IN-3) · Introduced Apr 14, 2026 · Finance and Financial Sector · 4 versions of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Sep 16, 2026: “Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.”
How Congress voted
Official roll callsHouse · On Motion to Suspend the Rules and Pass, as Amended · Sep 15, 2026
Motion to Suspend the Rules and Pass, as Amended Passed 417–7
| Party | Yes | No | Didn’t vote |
|---|---|---|---|
| Democrats | 213 | 0 | 1 |
| Independents | 1 | 0 | 0 |
| Republicans | 203 | 7 | 8 |
7 members voted against most of their party: 7 Republicans voted No.
Congress votes on whole bills and amendments, not on single sections.