To require certain supervisory agencies to assess their technological vulnerabilities, and for other purposes.
Sponsors
Legislative Progress
ReportedAdditional sponsor: Ms. Pettersen
Reported with an amendment, committed to the Committee of the …
Mrs. Houchin (for herself, Mr. Foster, and Mr. Hill) introduced …
Summary
What This Bill Does
Mandates federal banking agencies assess their technology capabilities and vulnerabilities in supervision. Addresses reliance on outdated technology and preparedness for AI in financial services.
Who Benefits and How
- Banking system gains more technologically capable supervisors
- Banks may receive more effective and efficient oversight
- Financial stability strengthened through modern supervision tools
Who Bears the Burden and How
- Banking regulators must assess technology gaps
- Federal budget funds technology modernization
- Agencies must address cybersecurity and AI readiness
Key Provisions
- Unified assessment of supervisory technology vulnerabilities
- Addresses real-time monitoring capabilities
- Examines AI analysis capabilities
- Reviews cybersecurity safeguards
- Covers BSA compliance and consumer protection tools
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Requires banking regulators to assess and report on supervisory technology vulnerabilities
Policy Domains
Legislative Strategy
"Modernize bank supervision through technology assessment"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology