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Search Results: keywords:"supervisory agencies"

  • H.R. 7437 proposes a requirement for certain supervisory agencies to assess their current technological systems and procurement practices to identify vulnerabilities. The bill aims to ensure these agencies can effectively and sustainably fulfill their roles, such as...

    Simple Explanation

    H.R. 7437 is a plan to make sure some government agencies check their computer systems to find any weaknesses, so they can do their jobs better and keep people safe in the digital world. They want to learn about their computers, fix any problems, and work together to make a strong plan for the future.

  • H.R. 7437, also known as the “Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act,” requires certain supervisory agencies like the Federal Reserve and the Consumer Financial Protection Bureau to evaluate their technological vulnerabilities. These agencies...

    Simple Explanation

    H.R. 7437 is a plan to make sure big agencies like the Federal Reserve have up-to-date computers and technology so they can keep a close eye on money and stay safe from hackers. They need to check if their old systems are slowing them down and tell the government how they will make things better.