Bank watchdogs must report on old tools slowing their work.

What it does

Six government bank watchdogs must check their computers and staff within 180 days. Then they must report to Congress every 5 years on what tools they have. The bill wants watchdogs to spot bank problems faster. It also wants them to share data and follow money-laundering rules.

Who it affects

Congress will learn if bank watchdogs have modern tools to catch fraud. Banks and their customers benefit if watchdogs spot problems sooner. The six agencies must do the work to check and report.

One thing to notice

The bill only asks agencies to report on old tools. It does not order them to buy new computers or set a date to finish upgrades. Waiting 5 years between reports means watchdogs could fall behind in fast-moving areas like AI.

From the analysis of the bill text, linked under Primary records below.

Where it stands

1 cosponsor: 1 Democrats.

• Apr 14, 2026 — Introduced · Congress.gov: “Introduced in House”
• Apr 14, 2026 — Referred to House Committee on Financial Services and Senate Committee on Banking, Housing, and Urban Affairs · Congress.gov: “Referred to the House Committee on Financial Services”
• May 13, 2026 — Markup held in committee · Congress.gov: “Committee Consideration and Mark-up Session Held”
• May 13, 2026 — Reported out of committee · Congress.gov: “Ordered to be Reported (Amended) by the Yeas and Nays: 52 - 0”
• Sep 14, 2026 — Floor vote scheduled · Congress.gov: “Ms. De La Cruz moved to suspend the rules and pass the bill, as amended”
• Sep 15, 2026 — Passed the House · Congress.gov: “On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required)…”

Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.

Money around this bill

4 groups reported lobbying about this bill. They filed 4 reports from Jun 2026 to Jun 2026.

Those reports show $5,800,000 in lobbying spending. Each report lists about 36 bills. So that money was not all for this bill.

More groups named this bill than 72% of bills with any report.

Marlin Stutzman, who sponsored the bill, received $364,905 from PACs for the 2026 election.

• National Multifamily Housing Council Inc — $2,330,000 in 1 report
• Independent Community Bankers of America — $2,170,000 in 1 report
• Jpmorgan Chase Holdings LLC — $1,190,000 in 1 report
• American Fintech Council — $110,000 in 1 report

Lobbying is legal. These reports show who lobbied about this bill, not what changed.

Words to know

• watchdogs — Government groups that watch over banks and make sure they follow rules.
• money-laundering — Hiding illegal money by moving it through banks and businesses.
• lobbying — Trying to influence lawmakers about a bill. Companies and groups pay people to do this.
• PACs — Groups that collect money and give it to candidates for office.
• sponsored — To sponsor a bill is to introduce it in Congress and put your name on it.