NEW: The FUTURES Act passed the House with an overwhelming, bipartisan majority.
Agentic AI is bringing new threats to our financial system, possibly intensifying bank runs and other cybersecurity risks. Financial agencies must continuously assess their tech so Congress can protect consumers.
fedscoop.com
House passes bill to give financial agencies a technology boost
The FUTURES Act aims to close “talent gaps, procurement barriers, or technological blind spots” at the federal financial regulators, the bill’s Republican co-sponsor says.