Bank Fraud Technology Advancement Act of 2026

Sponsor: Mike Flood (Republican-NE)May 7, 2026

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Placed on the Union Calendar, Calendar No. 612.

New study would help local banks use tech to stop fraud.

This bill would require government agencies that oversee banks to study how new technologies can help stop fraud. It would pay special attention to how smaller local banks and credit unions can get access to these tools. This could lead to better ways for all banks to protect your money from scams.

What Would Change

Currently, there is no specific law requiring government agencies that oversee banks to conduct a comprehensive study on how banks use advanced technology to fight fraud. This bill would change that by mandating such a study. It would also allow these agencies to create a voluntary pilot program to help smaller banks and credit unions with less than $10 billion in assets access these fraud-fighting tools, which is not currently an option.

Key Provisions

Requires federal banking agencies to jointly study how banks and credit unions use new technologies to detect and prevent fraud.
Evaluates how smaller local banks and credit unions can get access to advanced fraud detection tools.
Requires a public report to Congress within 18 months, including suggestions for new laws or rules to fight fraud.
Lets federal banking agencies create a voluntary pilot program for smaller banks (those with less than $10 billion in assets) to help them use advanced fraud detection tools.
Requires a public report on any pilot programs to Congress after they end.

View on Congress.gov

HR 8671 · 119th Congress · May 7, 2026 · AI Summary by gemini-2.5-flash · 8/10

Bank Fraud Technology Advancement Act of 2026

What Would Change

Key Provisions

Lobbying Activity