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Strengthening Cybersecurity for the Financial Sector Act of 2022

This bill amends the Federal Credit Union Act regarding the regulation and examination of credit union organizations and service providers. It also grants the Director of the Federal Housing Finance Agency (FHFA) the authority to regulate and examine services provided to Government-sponsored enterprises and Federal Home Loan Banks. Regulated entities are required to notify the Director of service relationships.
Key points
Modifies requirements for the regulation and examination of credit union organizations and service providers.
Grants the FHFA Director authority to regulate services provided to Government-sponsored enterprises and Federal Home Loan Banks.
Requires regulated entities to notify the Director of service relationships within thirty days of the contract or performance.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_7022
Sponsor: Rep. Foster, Bill [D-IL-11]
Process start date: 2022-03-09
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Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Strengthening Cybersecurity for the Financial Sector Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7022.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-03-09.

What are the main provisions?

Key points include:

  • Modifies requirements for the regulation and examination of credit union organizations and service providers.
  • Grants the FHFA Director authority to regulate services provided to Government-sponsored enterprises and Federal Home Loan Banks.
  • Requires regulated entities to notify the Director of service relationships within thirty days of the contract or performance.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Foster, Bill [D-IL-11].

What is the latest detailed status?

The latest detailed status is: Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 24 - 22.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Economy Security