Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8278 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8278 To require certain supervisory agencies to assess their technological capabilities, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 14, 2026 Mr. Stutzman (for himself and Mr. Foster) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To require certain supervisory agencies to assess their technological capabilities, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act''. SEC. 2. FINDINGS. Congress finds the following: (1) Banking regulators continue to examine and monitor depository institutions without sufficient access to real-time information. (2) Supervisory regulators should leverage technologies to more effectively carry out their duties. (3) When updating supervisory technology, risks surrounding technology procurement must be effectively managed. (4) Agencies' reliance on outdated technology can create vulnerabilities for the financial system, through-- (A) difficulties in collecting, compiling, and analyzing relevant information about risks and noncompliance at supervised firms; (B) reliance on information that is inaccurate, incomplete, or not timely; (C) reliance on limited and outdated tools for data analysis; (D) difficulties in using data to identify risk trends; (E) difficulties in producing accurate and timely reports; (F) inadequacy of cybersecurity safeguards; and (G) failure to detect illegal activities. (5) The rapid expansion of financial firms' use of artificial inte