{"format":1,"id":"119-hr-8278","congress":119,"number":"H.R. 8278","kind":"bill","group":"bills","title":"Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act","title_source":"Short Title(s) as Passed House","official_title":"To require certain supervisory agencies to assess their technological capabilities, and for other purposes.","titles":[{"type":"Official Title as Introduced","title":"To require certain supervisory agencies to assess their technological capabilities, and for other purposes."},{"type":"Short Titles from RFS (Referred to Senate) bill text","title":"Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act"},{"type":"Display Title","title":"Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act"},{"type":"Short Title(s) as Passed House","title":"Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act"},{"type":"Official Title from EH (Engrossed in House) bill text","title":"To require certain supervisory agencies to assess their technological capabilities, and for other purposes."},{"type":"Short Title(s) as Reported to House","title":"Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act"},{"type":"Short Title(s) as Introduced","title":"Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act"}],"outcome":"passed_house","law_number":null,"introduced":"2026-04-14","chambers":{"house":{"status":"roll_call","date":"2026-09-15","vote":{"id":"119-2026-h302","question":"On Motion to Suspend the Rules and Pass, as Amended","title":"Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act","result":"Passed","yea":417,"nay":7,"present":0,"not_voting":9,"source":"https://clerk.house.gov/evs/2026/roll302.xml"}},"senate":{"status":"pending","date":null,"vote":null}},"president":{"status":"not_yet","date":null},"vice_president_tie_breaker":null,"latest_action":{"text":"Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.","date":"2026-09-16"},"nominees":null,"amendments":[],"other_votes":[],"crs_summary":{"date":"2026-06-24","stage":"Reported to House","blocks":[{"k":"h","t":"Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act"},{"k":"p","t":"This bill requires specified federal financial agencies to assess their technological capabilities and procurement practices."},{"k":"p","t":"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."},{"k":"p","t":"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."},{"k":"p","t":"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."}],"words":173},"summary":{"main_subject":{"text":"Requires the Federal Reserve Board, the Consumer Financial Protection Bureau, the FDIC, the Treasury Department, the Federal Housing Finance Agency and the National Credit Union Administration to assess their supervisory technology and procurement practices and to report on them.","cites":[{"label":"Sec. 3","href":"https://www.congress.gov/bill/119th-congress/house-bill/8278/text/eh#H7A93612BDB764B168DAC02226C3DE5AD"}]},"core_areas":["Assessment of financial agencies' supervisory technology","Assessment of agency technology procurement rules","Recurring joint reports to congressional committees on supervisory technology"],"what_it_does":[{"text":"Requires each covered agency, within 180 days after enactment, to assess how its existing technologies pose challenges to conducting adequate, real-time supervisory assessments of the entities it supervises.","cite":{"label":"Sec. 3","href":"https://www.congress.gov/bill/119th-congress/house-bill/8278/text/eh#H7A93612BDB764B168DAC02226C3DE5AD"}},{"text":"Requires each covered agency, within 180 days after enactment, to assess the procurement rules and protocols it follows when it acquires or develops new technological systems.","cite":{"label":"Sec. 3","href":"https://www.congress.gov/bill/119th-congress/house-bill/8278/text/eh#H7A93612BDB764B168DAC02226C3DE5AD"}},{"text":"Requires each covered agency to identify opportunities within its own authority to further streamline procurement rules and protocols, including their impact on its ability to test new technological systems.","cite":{"label":"Sec. 3","href":"https://www.congress.gov/bill/119th-congress/house-bill/8278/text/eh#H7A93612BDB764B168DAC02226C3DE5AD"}},{"text":"Requires the covered agencies to coordinate and jointly submit a report to the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs within 18 months after the assessments are completed, and every 5 years after that.","cite":{"label":"Sec. 3","href":"https://www.congress.gov/bill/119th-congress/house-bill/8278/text/eh#H7A93612BDB764B168DAC02226C3DE5AD"}},{"text":"Requires the report to cover, for each covered agency, its supervisory hardware and software, procurement practices, technology development workforce, information sharing with other covered agencies, and plans for future technology upgrades.","cite":{"label":"Sec. 3","href":"https://www.congress.gov/bill/119th-congress/house-bill/8278/text/eh#H7A93612BDB764B168DAC02226C3DE5AD"}},{"text":"Defines covered agency as the Board of Governors of the Federal Reserve System, the Bureau of Consumer Financial Protection, the FDIC, the Department of the Treasury (including the Office of the Comptroller of the Currency and the Financial Crimes Enforcement Network), the Federal Housing Finance Agency, and the National Credit Union Administration.","cite":{"label":"Sec. 3","href":"https://www.congress.gov/bill/119th-congress/house-bill/8278/text/eh#H7A93612BDB764B168DAC02226C3DE5AD"}}],"unexpected":[],"version":{"type":"Engrossed in House","date":"2026-09-15","rule":"passed","href":"https://www.congress.gov/bill/119th-congress/house-bill/8278/text/eh"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-10-12","approved_by":"checks"},"sources":{"congress_gov":"https://www.congress.gov/bill/119th-congress/house-bill/8278","text":"https://www.congress.gov/bill/119th-congress/house-bill/8278/text"},"card":{"image":"card/item/119-hr-8278.png","v":"1cbc670f680e","alt":"Votes on Record. H.R. 8278, 119th Congress: Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act. House: 417 Yea, 7 Nay. Senate: not yet considered. Outcome: Passed House, 15 Sep 2026."}}