Strengthening Oversight for the Financial Sector Act of 2026

This bill changes the Federal Credit Union Act rules on how federal credit union regulators oversee credit union organizations and the companies that provide services to them. It lets the regulating Board set the manner and method credit unions use to notify it about service arrangements, and it removes one subsection of the existing law. The bill also gives the Director of the Federal Housing Finance Agency authority to regulate and examine outside companies that perform activities for Fannie Mae, Freddie Mac, the Federal Home Loan Banks, and the Office of Finance, as if the entities did the work themselves. Those entities would have to notify the Director of such service relationships within 30 days.

Full text and official record on Congress.gov

Sponsors

• Bill Foster Democrat sponsor
• 0 cosponsors