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H.R. 8671 119th Congress House

Bank Fraud Technology Advancement Act of 2026

Official title: To require the Federal banking agencies to conduct a study on the use of advanced technologies in fraud detection and prevention, with particular attention to … Show full official titleShow less

Official title: To require the Federal banking agencies to conduct a study on the use of advanced technologies in fraud detection and prevention, with particular attention to community financial institutions, and for other purposes.

Introduced: May 12, 2026 Introduced by: Mike Flood Republican · Nebraska See on congress.gov
Finance and Financial Sector Advanced technology and technological innovationsBank accounts, deposits, capitalBanking and financial institutions regulationComputer security and identity theft
More subjectsShow fewer subjects
Computers and information technologyData collection, sharing, protectionFraud offenses and financial crimesGovernment studies and investigationsTechnology assessmentTechnology transfer and commercialization
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 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 18, 2026
Placed on the Union Calendar, Calendar No. 612.
Jun 18, 2026
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-704.
May 13, 2026
Ordered to be Reported (Amended) by the Yeas and Nays: 52 - 1.
May 13, 2026
Committee Consideration and Mark-up Session Held
May 7, 2026
Referred to the House Committee on Financial Services.
May 7, 2026
Introduced in House
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What's happening now June 18, 2026

Placed on the Union Calendar, Calendar No. 612.

 Plain-English summary Congressional Research Service

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. 

 Hearings & markups 1
  • Various Measures
    Markup May 13, 2026 · 10:00 AM EDT · Financial Services Committee
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 9

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

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 Cosponsors 1
All 1 Democratic 1
D
Pettersen, Brittany
Colorado · May 12, 2026
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 8671: Bank Fraud Technology Advancement Act of 2026. 119th Congress. Open America. https://openamerica.io/bill/119-HR-8671/
MLA
"H.R. 8671: Bank Fraud Technology Advancement Act of 2026." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-8671/.
Bluebook (legal)
H.R. 8671, 119th Cong. (2026), https://openamerica.io/bill/119-HR-8671/.
Markdown link
[H.R. 8671: Bank Fraud Technology Advancement Act of 2026](https://openamerica.io/bill/119-HR-8671/)
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