Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act
Bill Summary
Requires financial regulators to use modern technology to improve their supervision and oversight of financial institutions. Updates regulatory processes to incorporate digital tools and methods.
Sponsored By
Bill Journey
- Apr 14, 2026
- May 13, 2026You Are Here
The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.
- TBD
The full chamber debates the bill, may amend it, and votes on whether to pass it.
- TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.
Why It Matters
This bill affects financial institutions, such as banks and lenders, by potentially increasing the efficiency and effectiveness of regulatory oversight. It also impacts the regulatory agencies themselves, such as the Federal Reserve and the Office of the Comptroller of the Currency, by requiring them to adopt new technologies in their supervision practices.
Impact Areas
Support & Opposition
- Democratic1
- Republican1
Documents
1
Full text opens on congress.gov, the official source.
Cosponsors (1)
Bill Details
- Economy
Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.