Bank Fraud Technology Advancement Act of 2026
Summary, written by a model from the CRS summary
This bill directs federal banking agencies to study and report on banks' and credit unions' use of advanced fraud detection technology, including how AI and machine learning are used and governed. It also lets the agencies jointly create a temporary pilot program to help small institutions access these tools.
Model-rated AI relevance 55%: AI governance is one of the study's topics, but the bill's main focus is fraud technology in general. (claude-opus-5-5, Oct 22, 2026)
Sponsored by
Mike FloodRepublicanNEData as of: bills Oct 22, 2026 · votes Oct 21, 2026 · statements Oct 19, 2026. What changed
Progress
Introduced
May 7, 2026
Reported by committee
May 13, 2026
Passed House
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Passed Senate
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Became law
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Latest action · June 18, 2026
Placed on the Union Calendar, Calendar No. 612.
Recorded votes
Floor votes carry every member's position; committee tallies carry totals only.
What members said
Releases that cite this bill first, then releases on the same topics.
Clarke reintroduced legislation requiring disclosure when generative AI is used in political advertising to protect election transparency.
Source ↗Ocasio-Cortez and colleagues urge the FAA to pause its AI air traffic management tool until safety testing, oversight, and accountability questions are answered.
Source ↗McClain Delaney and colleagues urged the FAA to pause its AI air traffic tool until safety testing and oversight questions are answered.
Source ↗Murray and Wyden criticized the Trump administration's AI-driven Medicare prior authorization pilot for denying seniors care and called for it to end.
Source ↗Schiff calls for enforceable federal guardrails and bipartisan oversight of frontier AI, rejecting voluntary industry commitments.
Source ↗Beyer and colleagues urge the FAA to pause its AI-enabled SMART air traffic management tool until safety testing, implementation, and oversight questions are answered.
Source ↗Van Hollen joins colleagues demanding the FAA pause its AI air traffic tool and provide transparency on safety testing, training, and oversight before deployment.
Source ↗Murray calls for strong federal AI regulation without preempting state laws like Washington's.
Source ↗Bill data read 2026-10-22T14:48:01.167Z