Congress·Reported·H.R. 8278

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

Financial Regulator Technology Assessment

Apr 14·View on Congress.gov·Read full text

This bill is one vehicle in a longer effort. See the full story across every version.View effort →

Next up: The House

This bill was reported by the House Committee on Financial Services on June 23, 2026, and is now waiting for a vote by the full House of Representatives. While it successfully passed the committee stage, it is not guaranteed a spot on the busy House floor schedule. The bill is actively moving through the process as of June 2026.

Legislative Progress

House

Senate

President

Law

Could go either way

The bill has support from both parties and focuses on making government more efficient, which usually helps it move forward. However, many bills like this are introduced but never make it to a final vote.

How we got here

This bill’s path across every version that has carried it.

Reintroduced
Reintroduced from H.R. 7437 (118th), which died when its Congress ended.
H.R. 7437 (118th) →

Key Points

This bill requires major financial agencies like the Federal Reserve and FDIC to study their own technology. It aims to replace outdated tools that make it hard for the government to monitor banks and catch illegal activity in real time.
Agencies must review how they buy new software and hardware. The goal is to find ways to speed up the process so regulators can use the latest tools, including artificial intelligence, to keep the financial system safe.
The government would have to report on its tech workforce, including how well it recruits experts and how much it depends on outside contractors. This ensures the people watching our banks have the right skills for the modern world.
Every five years, these agencies must give Congress a joint report on their progress. This report will include the costs of upgrades and how different agencies are working together to share data and protect against cyberattacks.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

3 milestones6 actions

Jun 24, 2026House

Placed on the Union Calendar, Calendar No. 617.

The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.

Jun 24, 2026House

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-711.

May 13, 2026House

Ordered to be Reported (Amended) by the Yeas and Nays: 52 - 0.

The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.

May 13, 2026House

Committee Consideration and Mark-up Session Held

Apr 14, 2026House

Referred to the House Committee on Financial Services.

No votes, news coverage, or related bills recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

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

Bill NumberHR 8278

Congress119th Congress

ChamberHouse of Representatives

Latest ActionPlaced on the Union Calendar, Calendar No. 617.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(1)

D: 1

Analysis generated by AI. Always verify with official sources.