Bank Fraud Technology Advancement Act of 2026

Hozzl · 2026-07-10T15:11:05Z

Explore the details of House Bill 8671 Bank Fraud Technology Advancement Act of 2026 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

7/10/2026, 3:11 PM

Summary of Bill HR 8671

The Bank Fraud Technology Advancement Act of 2026, designated as H.R. 8671 in the 119th Congress and introduced on May 7, 2026, aims to enhance technology tools and strategies in combating bank fraud. The bill appears to focus on advancing technology solutions to address fraudulent activities within the banking sector. Detailed provisions or directives within the bill are not explicitly outlined in the provided context. Further information may be obtained from the official text available at the provided URL.

Congressional Summary of HR 8671

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.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 8671

Bill HR 8671 is currently in the status of Bill Introduced since May 7, 2026. Bill HR 8671 was introduced during Congress 119 and was introduced to the House on May 7, 2026. Bill HR 8671's most recent activity was Placed on the Union Calendar, Calendar No. 612. as of June 18, 2026

Bipartisan Support of Bill HR 8671

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 8671

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 8671

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.