HR-8671 — Bank Fraud Technology Advancement Act of 2026

YourVoice.Now Summary

Transparency & AccountabilityCorporate Benefits

No change at your bank yet — a study of AI fraud tools, then maybe help for small banks and credit unions.

Transparency & Accountability

Public report on bank fraud technology — due within 18 months

Bank regulators would have 18 months to study how banks and credit unions use AI to catch fraud. What they find must go to Congress and to the public.

Automatic end date for the pilot program — three years maximum

If regulators start the pilot, it must end within three years of the study report. Running it longer would take new action from Congress.

Public report after the pilot ends — due within 6 months

Within six months of the pilot ending, regulators would have to publish what they learned. That report also goes to the banking committees in Congress.

Public access to some findings — parts may be kept secret

The agencies could keep part of what they find in a secret section for lawmakers only. The rest of the report would still have to be public.

Corporate Benefits

Help for small banks and credit unions — possible fraud-tool pilot

Regulators may set up a pilot for banks and credit unions with under $10 billion in assets. Joining would be optional. It could offer group buying, tech help, and shared fraud data.

More about this bill

Nothing would change at your bank or credit union right now. Federal banking regulators would have 18 months to study how banks fight fraud with new tools like artificial intelligence. The report must go to Congress and to the public. It would cover what works, what it costs, and what holds small institutions back. After that report, regulators could — but would not have to — start a voluntary pilot program. It would help banks and credit unions with under $10 billion in assets buy fraud-detection tools together. Any pilot would end within three years. A second public report would follow. Most people would see no change in daily life for years.

Congressional Summary

Bank Fraud Technology Advancement Act of 2026This 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.

Legislative Subjects

Advanced technology and technological innovationsBank accounts, deposits, capitalBanking and financial institutions regulationComputer security and identity theftComputers and information technologyData collection, sharing, protectionFraud offenses and financial crimesGovernment studies and investigationsTechnology assessmentTechnology transfer and commercialization

Details

Congress: 119th
Chamber: House
Status: summarized
Action: Reported to House
Action Date: 2026-06-18
Date Added: 2026-07-11
Source: Congress.gov →

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