{"bill":{"id":"119-hr-8671","congress":119,"type":"HR","number":8671,"title":"Bank Fraud Technology Advancement Act of 2026","originChamber":"House","introducedDate":"2026-05-07","sponsors":[{"bioguideId":"F000474","fullName":"Rep. Flood, Mike [R-NE-1]","party":"R","state":"NE","district":1}],"cosponsorsCount":1,"latestAction":{"actionDate":"2026-06-18","text":"Placed on the Union Calendar, Calendar No. 612."},"policyArea":"Finance and Financial Sector","subjects":["Advanced technology and technological innovations","Bank accounts, deposits, capital","Banking and financial institutions regulation","Computer security and identity theft","Computers and information technology","Data collection, sharing, protection","Fraud offenses and financial crimes","Government studies and investigations","Technology assessment","Technology transfer and commercialization"],"actions":[{"date":"2026-06-18","text":"Placed on the Union Calendar, Calendar No. 612.","type":"Calendars","chamber":"House floor actions","hasVote":false},{"date":"2026-06-18","text":"Reported (Amended) by the Committee on Financial Services. H. Rept. 119-704.","type":"Committee","chamber":"House floor actions","hasVote":false},{"date":"2026-06-18","text":"Reported (Amended) by the Committee on Financial Services. H. Rept. 119-704.","type":"Committee","chamber":"Library of Congress","hasVote":false},{"date":"2026-05-13","text":"Ordered to be Reported (Amended) by the Yeas and Nays: 52 - 1.","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2026-05-13","text":"Committee Consideration and Mark-up Session Held","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2026-05-07","text":"Referred to the House Committee on Financial Services.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2026-05-07","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2026-05-07","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":"<p><strong>Bank Fraud Technology Advancement Act of 2026</strong></p><p>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.</p><p>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.</p><p>Federal banking agencies must report all findings, determinations, and legislative recommendations to the appropriate congressional committees and make the report publicly available.</p><p>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.&nbsp;</p>","updateDate":"2026-07-10T15:11:05Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":639,"ts":"2026-07-14T04:18:42.317Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"https://simplefunctions.dev/api/public/query-gov?q=Bank%20Fraud%20Technology%20Advancement%20Act%20of%202026"}]}}