HR 8740 · 116th Congress · Finance and Financial Sector

Strengthening Cybersecurity for the Financial Sector Act of 2020

Introduced 2020-11-12· Sponsored by Rep. Foster, Bill [D-IL-11]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2020-11-12)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only