WHAT THE LAW DOINCongress, in plain words

H.R. 8278 · 119th Congress

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

Passed HouseFinance and Financial Sector
IntroducedApr 14, 2026
Passed HouseSep 15, 2026
Passed SenateNot yet
To PresidentNot yet
Became lawNot yet

Where it stands

Passed House. Latest step, Sep 16, 2026: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. The House passed it 417–7. All 4 of Iowa's representatives voted yes in the House. It would change 0 sections of existing law and would add 2 new provisions of its own.

How this bill changes the law

Sourced

H.R. 8278 doesn't change any existing section of law. It would create 2 new provisions of its own. Read from the bill text as sent to the Senate (Sep 16, 2026).

New provisions of the bill's own

  • Sec. 2 Findings
  • Sec. 3 Technological capabilities and procurement practices assessment
What the words would change: every change, in place (0)

Today's wording of each part of the law, with what would be struck out and added. Each change also gives the bill's own instruction, word for word.

    From the bill's official text on GovInfo and the U.S. Code, latest edition, which may not yet show changes made since.

    What it does

    Sourced

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

    This bill requires specified federal financial agencies to assess their technological capabilities and procurement practices.

    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.

    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.

    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.

    Official summary by the Congressional Research Service (Reported to House, Jun 24, 2026).

    Our plain-language breakdown, with what it means for you and the case for and against, is written once a bill starts to move.

    What has happened

    Sourced
    1. Sep 15, 2026Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 417 - 7 (Roll no. 302). (text: CR H5605) Roll call recordLibrary of Congress
    2. Jun 24, 2026Reported (Amended) by the Committee on Financial Services. H. Rept. 119-711.Library of Congress
    3. Apr 14, 2026Introduced in HouseLibrary of Congress

    Show all 17 recorded actions

    Recorded votes

    Sourced
    1. Sep 15, 2026 · HousePassed 417–7
      Iowa: Randy Feenstra yes, Ashley Hinson yes, Mariannette Miller-Meeks yes, Zachary Nunn yes
      On Motion to Suspend the Rules and Pass, as Amended · needed two-thirds
      R 203 yes, 7 noI 1 yes, 0 noD 213 yes, 0 noEach member · Record

    Cosponsors

    • Bill Foster D-IL-11