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H. Rept. 119-711 1 (2026-06-24)

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U.S. GOVERNMENT
INFORMATION 4















                     119TH CONGRESS                                          REPORT
                        2d Session   J HOUSE   OF  REPRESENTATIVES           119-711







                        FOSTERING THE USE OF TECHNOLOGY TO UPHOLD
                        REGULATORY EFFECTIVENESS IN SUPERVISION ACT




                      JUNE 24, 2026.-Committed to the Committee of the Whole House on the State of
                                        the Union and ordered to be printed




                      Mr. HILL  of Arkansas, from the Committee   on Financial Services,
                                           submitted  the following



                                              REPORT


                                            [To accompany H.R. 8278]

                       The  Committee  on  Financial Services, to whom  was  referred the
                     bill (H.R. 8278) to require  certain supervisory agencies  to assess
                     their technological capabilities, and for other purposes, having con-
                     sidered the  same, reports  favorably thereon  with  an  amendment
                     and recommends   that the bill as amended  do pass.

                                                  CONTENTS
                                                                                      Page
                     Purpose and Sum m ary  ............................................................................................  3
                     Background and Need for Legislation  ....................................................................  4
                     Com m ittee  Consideration  ........................................................................................  4
                     R elated  H earings  .....................................................................................................  5
                     C om m ittee  V otes  .....................................................................................................  6
                     Com m ittee  Oversight Findings  ...............................................................................  8
                     Perform ance  Goals  and  Objectives  .........................................................................  8
                     Com m ittee  Cost  Estim ate  .......................................................................................  8
                     New Budget Authority and CBO Cost Estimate ...................................................  8
                     Unfunded M andates Statem ent  ..............................................................................  8
                     E arm ark Statem ent  .................................................................................................  8
                     Federal Advisory Committee Act Statement .........................................................  8
                     Applicability  to  the  Legislative  Branch  .................................................................  9
                     Duplication of Federal Program s  ............................................................................  9
                     Section-by-Section  Analysis of the  Legislation  ......................................................  9
                     Changes in Existing Law Made by the Bill, as Reported ................. 9
                     Documents Included by Unanimous Consent ........................................................  10
                     The  amendment is as follows:
                     Strike all after the enacting clause and insert the following:

                     SECTION 1. SHORT TITLE.
                     This  Act may be cited as the Fostering the Use of Technology to Uphold Regu-
                     latory Effectiveness in Supervision Act.
                        69-006