Bank Fraud Technology Advancement Act of 2026

Summary

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.

Summary from the Congressional Research Service. How we handle summaries

Where it stands

Out of committee and scheduled for a vote by the full chamber.

House Committee on Financial Services · U.S. House of Representatives

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Cosponsors

Full history

1. Jun 18, 2026

   Placed on the Union Calendar, Calendar No. 612.

2. Jun 18, 2026

   Placed on the Union Calendar, Calendar No. 612.

3. Jun 18, 2026

   Introduced

   Placed on the Union Calendar, Calendar No. 612.

   U.S. House

4. Jun 18, 2026

   Placed on the Union Calendar, Calendar No. 612.

5. Jun 18, 2026

   Reported out of committee

   Reported (Amended) by the Committee on Financial Services. H. Rept. 119-704.

Read the record

• Read on Congress.gov (opens in a new tab) The official record on Congress.gov.