H.R. 8278, the Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act, passed the House on September 15, 2026.
H.R. 8278 — Fostering the Use of Technology to Uphold Regulatory Effect…
What it does
This bill requires six federal banking regulators (the Federal Reserve, CFPB, FDIC, OCC, FHFA, and NCUA) to assess their technological capabilities and procurement practices within 180 days, then report jointly to Congress every 18 months (and every 5 years thereafter) on their hardware, software, workforce, data-collection processes, and plans for technology upgrades. The bill aims to modernize regulatory supervision by identifying outdated systems that impede real-time monitoring of banks and detection of risks, including those posed by artificial intelligence and financial crime.
Quorum's transparency scan gave Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act a moderate transparency flag.
What happens next
H.R. 8278 passed the House. It now moves to the other chamber.
Who is behind it
Filed by Marlin Stutzman. Cosponsored by Bill Foster.
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