H.R. 8278
Requires financial agencies to assess their technology
Eight federal financial agencies must review the technology and buying rules they use for overseeing banks and other entities, and report to Congress every five years.
- Covers the Federal Reserve, Treasury, and six other financial agencies
- Agencies must assess how well their technology allows real-time oversight
- They must also review how they buy or build new technology and find ways to simplify
- Reports to Congress on technology, staffing, and data sharing are due every five years
Passed the House · Senate's turn