All Roll Calls
Yes: 417 • No: 7
119-hr-8278119th CongressWALLET
Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act
Sponsored By: Representative Stutzman, Marlin A. [R-IN-3]
Passed House
Summary
Modernize supervisory technology across federal banking regulators. This bill would require several federal financial regulators to evaluate and upgrade their technology, procurement, and workforce so agencies can do more real-time oversight, better monitor AI risks, and improve data sharing across regulators.
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- Covered agencies would complete two assessments within 180 days and produce a joint, long-form report in 18 months with a five-year reporting cadence. The report must catalog hardware, software, procurement rules, data flows, and barriers to information sharing.
- Supervised firms would be affected indirectly because agencies must estimate costs for firms to change systems, identify obstacles to obtaining information, and describe market and illicit-activity risks that agencies will monitor. Agencies would plan technology upgrades and timelines that could change reporting expectations for firms.
- Agency workforces would be reviewed for skills and contractor reliance and agencies must outline hiring, training, and procurement challenges for testing or adopting new systems.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Tech reviews and five-year reports by financial regulators
This bill would require major federal financial regulators to assess their technology and buying rules. Within 180 days of enactment, each agency would review tech that limits real-time supervision. Each would also look for ways to streamline its procurement rules, within its authority. Eighteen months after the assessments, the agencies would send a joint report to Congress, then update it every five years. The report would cover hardware and software, buying rules, workforce and contractors, data access, market and illicit-activity risks, interagency sharing, and future upgrade plans with timelines and costs. It would also estimate what supervised firms would spend to adjust systems to share data. Reports would be written to protect the security of agency and market systems.
Sponsors & CoSponsors
Sponsor
Stutzman, Marlin A. [R-IN-3]
IN • R
Cosponsors
Rep. Foster, Bill [D-IL-11]
IL • D
Sponsored 4/14/2026
Roll Call Votes
house vote • 9/15/2026
On Motion to Suspend the Rules and Pass, as Amended
Yes: 417 • No: 7