PlainBillCongress, translated.Legislation. Context. Public interest.Placed on the Union Calendar, Calendar No. 612.
Congressional Research Service
Version 07 · Reported to House · Jun 18, 2026
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.
People & committees
Rep. Flood, Mike [R-NE-1] · R–NE
Legislative record
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Placed on the Union Calendar, Calendar No. 612.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-704.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-704.
Ordered to be Reported (Amended) by the Yeas and Nays: 52 - 1.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Sep 29, 2026. Consult Congress.gov for the current record.
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