What does TECHNOLOGICAL CAPABILITIES AND PROCUREMENT PRACTICES of Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act do?

This section requires covered agencies to assess how existing technologies pose challenges to supervisory assessments. Agencies must also assess their procurement rules and protocols for acquiring or developing new technological systems, identifying opportunities for streamlining. Covered agencies are required to submit a report to the House and Senate committees every five years, detailing their technological capabilities, procurement practices, workforce involved in technology, and information-gathering processes. The report must include information on market and technology trends, data sharing practices, and plans for future technology upgrades. The report must also estimate costs for supervised entities to modify systems to share data with covered agencies. Covered agencies include the Board of Governors of the Federal Reserve System, the Bureau of Consumer Financial Protection, the Federal Deposit Insurance Corporation, the Department of the Treasury, the Federal Housing Finance Agency, and the National Credit Union Administration.

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

Q: What does Preamble of Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act do?

This bill requires certain supervisory agencies to assess technological capabilities The bill has other purposes beyond technological assessment

Q: What does SHORT TITLE. of Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act do?

This bill is formally titled the Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act.

Q: What does FINDINGS. of Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act do?

This section outlines findings related to the supervisory capabilities of banking regulators. It states that regulators currently lack sufficient access to real-time information. The text emphasizes the need for supervisory regulators to utilize technology more effectively. Risks associated with technology procurement are highlighted as needing effective management. Outdated technology is identified as creating vulnerabilities within the financial system, impacting data analysis, reporting, cybersecurity, and the detection of illegal activities. The rapid use of artificial intelligence by financial firms presents both opportunities and risks that require agency preparedness. The section calls for a unified goal of enhancing supervisory technologies to ensure effective and sustainable oversight.

Last updated: 4/14/2026 · Introduced: 4/14/2026

Author: Marlin Stutzman (R-IN)

TL;DR (AI)

The bill mandates that specified financial regulatory agencies regularly assess their technological capabilities and procurement practices to address vulnerabilities and adapt to evolving risks.
Covered agencies must submit a comprehensive report to Congress every five years detailing their technology, workforce, data sharing, and future upgrade plans.
The report must also estimate the costs for financial institutions to adapt their systems for data sharing with regulatory agencies.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 2 more.

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