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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.
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Status:
Expired
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Additional Information
Print number: 117_HR_7022
Sponsor: Rep. Foster, Bill [D-IL-11]
Process start date: 2022-03-09
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
AI work logs for this document launch

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.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Security