Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act
This bill died when its Congress ended.
Bills don't carry over between Congresses. Without re-introduction in a new session, it cannot advance.
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.
Filed in the House
A committee in the House has reviewed this house bill and reported it to the full chamber for consideration.
Who introduced this
Erin Houchin
RepublicanU.S. Representative · IN-9
3 cosponsors — mostly Democrats
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