The legislation aims to modernize technology systems within federal agencies responsible for regulating banks and credit unions, enhancing their capacity for effective supervision and oversight. The FUTURES Act will enhance the ability of regulatory agencies to conduct thorough supervision and ensure the safety and soundness of the financial system. The legislation will address the critical need for modernization by requiring: Comprehensive Technology Assessments ... Advanced Reporting Requirements ...
Modernize federal financial regulators' technology systems and require regular assessments and reporting on those systems.
Occurrences
"The modernization of the regulatory technology our American financial systems rely on is essential. The FUTURES Act will help Congress better understand the red tape keeping our regulators in the past while our financial institutions race into the future."
Stutzman and Foster introduced the FUTURES Act to modernize technology systems within federal agencies responsible for regulating banks and credit unions, with assessments and recurring reporting requirements.
introduced the Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision (FUTURES) Act
To require certain supervisory agencies to assess their technological capabilities, and for other purposes.
introduced the Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision (FUTURES) Act
REP. STUTZMAN AND REP. FOSTER INTRODUCE THE FUTURES ACT
H.R. 8278, the Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision (FUTURES) Act , sponsored by Rep. Stutzman and Rep. Bill Foster (IL-11), passed 52-0. This bill requires financial regulators to assess whether their technology systems, supervisory tools, and data infrastructure are sufficient to support real-time oversight of regulated firms. The bill also directs agencies to review procurement practices and report to Congress on their technology capabilities, workforce, data-sharing processes, and modernization needs.
H.R. 8278 requires financial regulatory agencies to assess the technologies they use and determine whether those technologies pose challenges to conduct real-time supervisory assessments of the firms within its jurisdiction. H.R. 8278 also requires the agencies to review their practices to ensure efficiency and identify opportunities for the agency to test new technological systems.
Mr. Stutzman (for himself and Mr. Foster) introduced the following bill... Full Title: To require certain supervisory agencies to assess their technological capabilities, and for other purposes.
Evidence
legacy_unverified · Source version not recorded · locator unknown
WASHINGTON, DC — Today, Congressman Marlin Stutzman (IN-03) and Congressman Bill Foster (IL-11) introduced the Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision (FUTURES) Act.
legacy_unverified · Source version not recorded · locator unknown
H.R. 8278, the Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision (FUTURES) Act, was introduced on April 14, 2026, by Rep. Marlin Stutzman (R-IN) and has one cosponsor. ... The bill was attached as a discussion draft to the January 13, 2026, Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee hearing.
legacy_unverified · Source version not recorded · locator unknown
H.R. 8278, the Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision (FUTURES) Act ... sponsored by Rep. Stutzman and Rep. Bill Foster (IL-11), passed 52-0. This bill requires financial regulators to assess whether their technology systems, supervisory tools, and data infrastructure are sufficient to support real-time oversight of regulated firms.
legacy_unverified · Source version not recorded · locator unknown
H.R. 8278. A bill to require certain supervisory agencies to assess their technological vulnerabilities, and for other purposes; to the Committee on Financial Services.
legacy_unverified · Source version not recorded · locator unknown
As reported by the House Committee on Financial Services on June 24, 2026. H.R. 8278 would require the federal financial regulators to assess how their technological systems inhibit real-time supervision of regulated entities and how their procurement rules limit the testing of new technologies. In addition, the bill would require those agencies to jointly report to the Congress 18 months after completing the assessments and then every five years.
legacy_unverified · Source version not recorded · locator unknown
Mr. Stutzman (for himself and Mr. Foster) introduced the following bill; which was referred to the Committee on Financial Services. Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed. Each covered agency shall, not later than 180 days after the date of the enactment of this section, assess how existing technologies used by the covered agency pose challenges to the covered agency in conducting adequate, real-time supervisory assessments.
Assessments
Stutzman sponsored H.R. 8278 in the 119th Congress and advanced it through House Financial Services Committee, including a unanimous committee vote and a reported House bill requiring financial regulators to assess technology capabilities and report to Congress. However, the latest available status shows it was only reported/placed on the Union Calendar, not passed by both chambers or enacted, so the promised federal requirements and modernization outcome were not delivered. Sources checked include govinfo.gov/app/details/BILLS-119hr8278rh and cbo.gov/publication/62736.
Stutzman materially advanced the promise by introducing the FUTURES Act and moving it from discussion draft to formal introduction, with the bill then passing the House Financial Services Committee unanimously. The bill’s text aligns closely with the promise because it would require supervisory agencies to assess technological vulnerabilities and report on whether their systems and data infrastructure are sufficient for oversight. However, the evidence does not show enactment into law or final implementation across federal regulators, so the promised outcome was not fully delivered. Because there was meaningful legislative progress but not completion, partial is the best fit.