H.R. 7036 · 118th Congress
Strengthening Cybersecurity for the Financial Sector Act of 2024
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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Strengthening Cybersecurity for the Financial Sector Act of 2024
What it does: CRS summary · Introduced in House · Jan 18, 2024
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Strengthening Cybersecurity for the Financial Sector Act of 2024
Latest action (Jan 18, 2024): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jan 18, 2024
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.