118th Congress Finance and Financial Sector
H.R. 7437: Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act
Reported
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill requires the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Consumer Financial Protection Bureau, and the National Credit Union Administration to assess the technology used by the entity and its capabilities to conduct real-time supervisory assessments.
Every five years, these entities must report to specified congressional committees. The report must contain an overview of the technology used in supervisory assessments and any anticipated upgrades, a description of procurement practices, an overview of the entity’s technology development workforce, and details regarding data sharing procedures.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Bill Foster D-ILOriginal
- J. Hill R-AROriginal
- Brittany Pettersen D-CO
Who scored on this bill
- 1Erin Houchin SponsorDrew cross-party cosponsors, introduced, marked up, reported4 events+38
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Other bills by Erin Houchin
History
- Introduced in the House by Erin Houchin.
Show the full action history (6 actions)
- Reported (Amended) by the Committee on Financial Services. H. Rept. 118-728.
- Placed on the Union Calendar, Calendar No. 615.
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
- Introduced in House
- Referred to the House Committee on Financial Services.