# 116-hr-8740: Strengthening Cybersecurity for the Financial Sector Act of 2020

116-hr-8740, Strengthening Cybersecurity for the Financial Sector Act of 2020, is a 116th Congress bill sponsored by Rep. Foster, Bill [D-IL-11] (D-IL); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-8740
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-8740
- Congress: 116
- Title: Strengthening Cybersecurity for the Financial Sector Act of 2020
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2020-11-12
- Sponsor: Rep. Foster, Bill [D-IL-11] (D-IL)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Strengthening Cybersecurity for the Financial Sector Act of 2020 This bill requires a Federal Home Loan Bank or government-sponsored enterprise to notify the Federal Housing Finance Agency of any services performed off its premises. The performance of these services is subject to regulation and examination. The bill also applies to credit unions existing limitations regarding investments by depository institutions in a bank service company.

## Related bills

- 116-hr-8924: Our Homes, Our Votes Act
- 116-hr-8820: PASS Act
- 116-hr-8797: Commission on American Civics Education Act of 2020
- 116-hr-8745: Innovation Centers Acceleration Act
- 116-hr-8664: PPE for Safe Schools Act
- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act

## Sources
- [116-hr-8740 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/8740)

## Related
- [116-hr-8924: Our Homes, Our Votes Act](https://policyrisk.com/legislation/116-hr-8924)
- [116-hr-8820: PASS Act](https://policyrisk.com/legislation/116-hr-8820)
- [116-hr-8797: Commission on American Civics Education Act of 2020](https://policyrisk.com/legislation/116-hr-8797)
- [116-hr-8745: Innovation Centers Acceleration Act](https://policyrisk.com/legislation/116-hr-8745)
- [116-hr-8664: PPE for Safe Schools Act](https://policyrisk.com/legislation/116-hr-8664)
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-8740 (as of 2025-11-18).