HR 8740
Strengthening Cybersecurity for the Financial Sector Act of 2020
Take action
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Strengthening Cybersecurity for the Financial Sector Act of 2020 amends the Bank Service Company Act to include credit unions under the same regulations as banks and savings associations. It grants the Director of the Federal Housing Finance Agency (FHFA) authority to oversee the services provided to Federal Home Loan Banks and government-sponsored enterprises, ensuring consistent regulation and examination. This legislation aims to enhance cybersecurity and stability within the financial sector by extending existing regulatory frameworks.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.