H.R. 8671 Reported by committee Finance and Financial Sector

Bank Fraud Technology Advancement Act of 2026

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.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Flood, Mike [R-NE-1] Introduced May 7, 2026 Cosponsors 1 (1 D) Latest action June 18, 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 by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Jun 18, 2026 Placed on the Union Calendar, Calendar No. 612.
  2. Jun 18, 2026 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-704.
  3. May 13, 2026 Ordered to be Reported (Amended) by the Yeas and Nays: 52 - 1.
  4. May 13, 2026 Committee Consideration and Mark-up Session Held
  5. May 7, 2026 Referred to the House Committee on Financial Services.
  6. May 7, 2026 Introduced in House

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