# 119-hr-8671: Bank Fraud Technology Advancement Act of 2026

119-hr-8671, Bank Fraud Technology Advancement Act of 2026, is a 119th Congress bill sponsored by Rep. Flood, Mike [R-NE-1] (R-NE); status in_committee; PRIA reads it as touching household money (as of 2026-10-01).

- Canonical: https://policyrisk.com/legislation/119-hr-8671
- As of: 2026-10-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8671
- Congress: 119
- Title: Bank Fraud Technology Advancement Act of 2026
- Status: in_committee
- Introduced: 2026-05-07
- Sponsor: Rep. Flood, Mike [R-NE-1] (R-NE)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-10-01

## Summary

**Boost community banks' access to advanced fraud detection tools.** This bill would require a governmentwide study and create a voluntary pilot to help insured depository institutions and credit unions use technologies like artificial intelligence, machine learning, behavioral biometrics, network analytics, data fusion, and blockchain tracing. - Community banks and credit unions: Institutions with under $10 billion in assets would be eligible for a voluntary pilot offering pooled procurement, shared services, model validation help, standardized vendor risk templates, and technical support. - Federal agencies and law enforcement: Federal banking agencies would consult with the Treasury Department, the Financial Crimes Enforcement Network, the Federal Trade Commission, the Bureau of Consumer Financial Protection, the Federal Communications Commission, and others to jointly study current use, barriers, governance, and recommendations and provide a report within 18 months. - Payments systems and consumers: The study and pilots would evaluate fraud risks in electronic funds transfers and checks and examine how advanced analytics affect settlement finality, system stability, privacy, and consumer protections.

## Cosponsors (1)

- Rep. Pettersen, Brittany [D-CO-7] (D-CO), 2026-05-12T00:00:00.000Z

## Provisions PRIA read

- Help community banks fight fraud: benefit, medium. If enacted, the bill would require federal agencies to study how banks and credit unions use advanced fraud detection tools. The study would be delivered to Congress within 18 months and must include recommendations on shared services, AI model governance, and payments‑system risks. The bill would…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-3816: Weather Act Reauthorization Act of 2025
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-5351: NSF AI Education Act of 2025
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act

## Sources
- [119-hr-8671 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8671)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-3816: Weather Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-hr-3816)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-5351: NSF AI Education Act of 2025](https://policyrisk.com/legislation/119-hr-5351)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8671 (as of 2026-10-01).