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Strengthening Cybersecurity for the Financial Sector Act of 2022

USA117th CongressHR-7022| House 
| Updated: 5/17/2022
Bill Foster

Bill Foster

Democratic Representative

Illinois

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Strengthening Cybersecurity for the Financial Sector Act of 2022 This bill provides for the regulation and supervision of certain financial organizations and service providers. Specifically, if a credit union that is subject to examination by the Board of Directors of the National Credit Union Administration delegates the performance of certain activities and services, the delegation must be disclosed and shall be subject to regulation and examination by the board. Additionally, if the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, any Federal Home Loan Bank, or the Office of Finance of the Federal Home Loan Bank System delegates the performance of certain activities and services, the delegation must be disclosed and shall be subject to regulation and examination by the Federal Housing Finance Agency.
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Timeline

Bill from Previous Congress

HR 116-8740
Strengthening Cybersecurity for the Financial Sector Act of 2020
Mar 9, 2022
Introduced in House
Mar 9, 2022
Referred to the House Committee on Financial Services.
May 17, 2022
Committee Consideration and Mark-up Session Held.
May 17, 2022
Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 24 - 22.
  • Bill from Previous Congress

    HR 116-8740
    Strengthening Cybersecurity for the Financial Sector Act of 2020


  • March 9, 2022
    Introduced in House


  • March 9, 2022
    Referred to the House Committee on Financial Services.


  • May 17, 2022
    Committee Consideration and Mark-up Session Held.


  • May 17, 2022
    Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 24 - 22.

Finance and Financial Sector

Administrative law and regulatory proceduresBanking and financial institutions regulationFederal Housing Finance Agency

Strengthening Cybersecurity for the Financial Sector Act of 2022

USA117th CongressHR-7022| House 
| Updated: 5/17/2022
Strengthening Cybersecurity for the Financial Sector Act of 2022 This bill provides for the regulation and supervision of certain financial organizations and service providers. Specifically, if a credit union that is subject to examination by the Board of Directors of the National Credit Union Administration delegates the performance of certain activities and services, the delegation must be disclosed and shall be subject to regulation and examination by the board. Additionally, if the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, any Federal Home Loan Bank, or the Office of Finance of the Federal Home Loan Bank System delegates the performance of certain activities and services, the delegation must be disclosed and shall be subject to regulation and examination by the Federal Housing Finance Agency.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-8740
Strengthening Cybersecurity for the Financial Sector Act of 2020
Mar 9, 2022
Introduced in House
Mar 9, 2022
Referred to the House Committee on Financial Services.
May 17, 2022
Committee Consideration and Mark-up Session Held.
May 17, 2022
Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 24 - 22.
  • Bill from Previous Congress

    HR 116-8740
    Strengthening Cybersecurity for the Financial Sector Act of 2020


  • March 9, 2022
    Introduced in House


  • March 9, 2022
    Referred to the House Committee on Financial Services.


  • May 17, 2022
    Committee Consideration and Mark-up Session Held.


  • May 17, 2022
    Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 24 - 22.
Bill Foster

Bill Foster

Democratic Representative

Illinois

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresBanking and financial institutions regulationFederal Housing Finance Agency