Banking agencies must report on their tools to watch banks.

What it does

Six federal banking agencies must check their tools within 180 days. They must report to Congress every 5 years on computers, software, and staff. They must also report on plans to upgrade. The bill wants agencies to watch banks in real time and spot risks. It wants agencies to keep up as banks use artificial intelligence.

Who it affects

Banking agencies must do the check and reporting. Banks and people who use banks get stronger oversight. Congress and the public will see what tool gaps agencies have.

One thing to notice

The bill requires agencies to report on tool gaps. It does not require them to fix gaps or give them money to buy new tools.

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 $338,405 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

• federal banking agencies — Government offices that make rules for banks and check that banks follow the rules.
• artificial intelligence — Computer systems that learn and make choices without a person telling them what to do each time.
• real time — Right now, as something is happening, not later.
• 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.