Strengthening Cybersecurity for the Financial Sector Act of 2020 This bill requires a Federal Home Loan Bank or government-sponsored enterprise to notify the Federal Housing Finance Agency of any services performed off its premises. The performance of these services is subject to regulation and examination. The bill also applies to credit unions existing limitations regarding investments by depository institutions in a bank service company.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
Administrative law and regulatory proceduresBanking and financial institutions regulationFederal Housing Finance Agency
Strengthening Cybersecurity for the Financial Sector Act of 2020
USA116th CongressHR-8740| House
| Updated: 11/12/2020
Strengthening Cybersecurity for the Financial Sector Act of 2020 This bill requires a Federal Home Loan Bank or government-sponsored enterprise to notify the Federal Housing Finance Agency of any services performed off its premises. The performance of these services is subject to regulation and examination. The bill also applies to credit unions existing limitations regarding investments by depository institutions in a bank service company.