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BillHR 8338 · 119

SAFER Act of 2026

Introduced
Apr 16, 2026
Cosponsors
3
Traction
0
Last Action
Apr 16, 2026

Bill Summary

Requires financial institutions to implement stronger security measures to protect customer data. Funds efforts to prevent and respond to financial sector cyber attacks.

Sponsored By

Sam T. Liccardo
Democrat · California · House

Bill Journey

  1. Apr 16, 2026
  3. Apr 16, 2026You Are Here

    The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.

  4. TBD

    The full chamber debates the bill, may amend it, and votes on whether to pass it.

  5. TBD

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  6. 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 credit unions, by requiring them to upgrade their cybersecurity. It also impacts consumers who use these institutions, by potentially reducing the risk of their personal and financial data being compromised.

Impact Areas

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
2backers
  • Democratic1
  • Republican1
Cross-party cosponsors1 · 100%

Documents

1

Full text opens on congress.gov, the official source.

Cosponsors (3)

2 more not shown here — see the full list on congress.gov.

Bill Details

Bill TypeHouse Bill · Federal
Primary TopicMoney & Economy
CommitteeCommittee on Financial Services
IntroducedApr 16, 2026
Last UpdatedApr 16, 2026
Latest ActionReferred to the House Committee on Financial Services.
Subjects
  • 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.