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![handle is hein.congrecreports/crptxagqc0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
GP
118TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 118-728
FOSTERING THE USE OF TECHNOLOGY TO UPHOLD
REGULATORY EFFECTIVENESS IN SUPERVISION ACT
NOVEMBER 1, 2024.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. McHENRY, from the Committee on Financial Services,
submitted the following
REPORT
[To accompany H.R. 7437]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 7437) to require certain supervisory agencies to assess
their technological vulnerabilities, and for other purposes, having
considered the same, reports favorably thereon with an amendment
and recommends that the bill as amended do pass.
CONTENTS
Page
Purpose and Sum m ary ........................................................................................... . 3
Background and Need for Legislation .................................................................... 3
R elated H earings ..................................................................................................... 4
Com m ittee Consideration ........................................................................................ 4
C om m ittee V otes ..................................................................................................... 5
Com m ittee Oversight Findings ............................................................................... 7
Perform ance Goals and Objectives ......................................................................... 7
Congressional Budget Office Estimates ................................................................. 7
New Budget Authority, Entitlement Authority, and Tax Expenditures ............. 8
Federal M andates Statem ent ................................................................................. 8
Advisory Com m ittee Statem ent .............................................................................. 8
Applicability to Legislative Branch ........................................................................ 8
Earm ark Identification ............................................................................................ 9
Duplication of Federal Program s ............................................................................ 9
Section-by-Section Analysis of the Legislation ...................................................... 9
The amendment is as follows:
Strike all after the enacting clause and insert the following:
SECTION 1. SHORT TITLE.
This Act may be cited as the Fostering the Use of Technology to Uphold Regu-
latory Effectiveness in Supervision Act.
59-006](ViewImageLocal?handle=hein.congrecreports/crptxagqc0001&div=1&collection=&method=preview&ext=.png&size=3)