118th Congress · HOUSE BILLBILL

H.R. 7036 — Strengthening Cybersecurity for the Financial Sector Act of 2024

“To amend the Federal Credit Union Act to modify requirements relating to the regulation and examination of credit union organizations and service providers, to provide the Director of the Federal Housing Finance Agency with the authority to regulate the provision of services provided to the Government-sponsored enterprises and Federal Home Loan Banks, and for other purposes.”

Finance and financial sector

Introduced Jan 18, 2024

Last action Jan 18, 2024

Pipeline · Bill → Law

Step 1

Introduced

Jan 18, 2024

Step 2

Referred

Jan 18, 2024

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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 th...

Provisions · 3 sectionsIntroduced in House

Timeline · 2 actions

Jan 18, 2024

Introduced in House

Jan 18, 2024

Referred to the House Committee on Financial Services.