Bank Fraud Technology Advancement Act of 2026
U.S. Congress · HR8671 ·
Progression
Timing in context
Primary sponsor's contributions received (same period)
Adjacency in time is shown for context; it is not evidence of cause. Funded ≠ false — see the methodology.
What the bill says
Introduced 2026-05-07. Latest action: Placed on the Union Calendar, Calendar No. 612.
Summary (plain-language)
Bank Fraud Technology Advancement Act of 2026 This bill directs federal banking agencies (the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Federal Reserve Board, and the National Credit Union Administration) to jointly study and report on the use of advanced fraud detection technology by insured depository institutions and credit unions. The study must evaluate, among other topics, the current use and effectiveness of this technology, access by community financial institutions to such technology, and the use and governance of artificial intelligence and machine learning in detecting fraud. Federal banking agencies must report all findings, determinations, and legislative recommendations to the appropriate congressional committees and make the report publicly available. The bill also allows federal banking agencies to jointly establish a temporary pilot program to facilitate community financial institution access to advanced fraud detection tools for small insured depository institutions and credit unions.
Sponsors
- Mike Flood (primary)
- Brittany Pettersen
Text versions
What analysts say
Committee reports
What politicians say
No linked claims or utterances yet — no one on record has cited this measure to justify a public argument.
Action History
| Date | Action |
|---|---|
| 2026-06-18 | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-704. |
| 2026-06-18 | Placed on the Union Calendar, Calendar No. 612. |
| 2026-05-13 | Committee Consideration and Mark-up Session Held |
| 2026-05-13 | Ordered to be Reported (Amended) by the Yeas and Nays: 52 - 1. |
| 2026-05-07 | Introduced in House |
| 2026-05-07 | Referred to the House Committee on Financial Services. |