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HR 7036 118th Congress House Finance and Financial Sector

Strengthening Cybersecurity for the Financial Sector Act of 2024

Introduced: January 18, 2024 Introduced by: Foster, Bill Democratic · Illinois See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 18, 2024
Referred to the House Committee on Financial Services.
Jan 18, 2024
Introduced in House
 Plain-English summary Congressional Research Service

Strengthening Cybersecurity for the Financial Sector Act of 2024

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

The bill subjects credit union organizations to the same regulation and examination by the Board of Directors of the National Credit Union Administration as insured credit unions. In addition, if a credit union that is subject to examination by the board delegates or contracts for the performance of certain activities and services, this must be disclosed to the board and is subject to regulation and examination by the board.

Further, 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 or contracts for the performance of certain activities and services, this must be disclosed and is subject to regulation and examination by the Federal Housing Finance Agency.

What's happening now January 18, 2024

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1