Bill Sponsor
House Bill 8740
116th Congress(2019-2020)
Strengthening Cybersecurity for the Financial Sector Act of 2020
Introduced
Introduced
Introduced in House on Nov 12, 2020
Overview
Text
Introduced
Nov 12, 2020
Latest Action
Nov 12, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
8740
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
Illinois
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Strengthening Cybersecurity for the Financial Sector Act of 2020

This bill requires a Federal Home Loan Bank or government-sponsored enterprise to notify the Federal Housing Finance Agency of any services performed off its premises. The performance of these services is subject to regulation and examination. The bill also applies to credit unions existing limitations regarding investments by depository institutions in a bank service company.

Text (1)
November 12, 2020
Actions (2)
11/12/2020
Referred to the House Committee on Financial Services.
11/12/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:44:17 PM