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HR 7022 117th Congress House Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Federal Housing Finance Agency

Strengthening Cybersecurity for the Financial Sector Act of 2022

Introduced: March 9, 2022 Introduced by: Foster, Bill Democratic · Illinois See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 17, 2022
Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 24 - 22.
May 17, 2022
Committee Consideration and Mark-up Session Held.
Mar 9, 2022
Referred to the House Committee on Financial Services.
Mar 9, 2022
Introduced in House
 Plain-English summary Congressional Research Service

Strengthening Cybersecurity for the Financial Sector Act of 2022

This bill provides for the regulation and supervision of certain financial organizations and service providers.

Specifically, if a credit union that is subject to examination by the Board of Directors of the National Credit Union Administration delegates the performance of certain activities and services, the delegation must be disclosed and shall be subject to regulation and examination by the board.

Additionally, if the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, any Federal Home Loan Bank, or the Office of Finance of the Federal Home Loan Bank System delegates the performance of certain activities and services, the delegation must be disclosed and shall be subject to regulation and examination by the Federal Housing Finance Agency.

What's happening now May 17, 2022

Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 24 - 22.

 Committees of jurisdiction 1