Legis Daily

Strengthening Cybersecurity for the Financial Sector Act of 2024

USA118th CongressHR-7036| House 
| Updated: 1/18/2024
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 2024 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 the Federal Home Loan Bank System delegates or contracts for the performance of certain activities and services, this must be disclosed and is 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

Bill from Previous Congress

HR 117-7022
Strengthening Cybersecurity for the Financial Sector Act of 2022
Jan 18, 2024
Introduced in House
Jan 18, 2024
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

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


  • Bill from Previous Congress

    HR 117-7022
    Strengthening Cybersecurity for the Financial Sector Act of 2022


  • January 18, 2024
    Introduced in House


  • January 18, 2024
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Strengthening Cybersecurity for the Financial Sector Act of 2024

USA118th CongressHR-7036| House 
| Updated: 1/18/2024
Strengthening Cybersecurity for the Financial Sector Act of 2024 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 the Federal Home Loan Bank System delegates or contracts for the performance of certain activities and services, this must be disclosed and is 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

Bill from Previous Congress

HR 117-7022
Strengthening Cybersecurity for the Financial Sector Act of 2022
Jan 18, 2024
Introduced in House
Jan 18, 2024
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

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


  • Bill from Previous Congress

    HR 117-7022
    Strengthening Cybersecurity for the Financial Sector Act of 2022


  • January 18, 2024
    Introduced in House


  • January 18, 2024
    Referred to the House Committee on Financial Services.
Bill Foster

Bill Foster

Democratic Representative

Illinois

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted