S1358Referred to Committee

TASK Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-04-08
Introduced
2
Cosponsors
S
ⓘ
Type

Sponsor

Rick Scott
Rick Scott
Republican · FL · Senator
Votes with party: 33.2% (322 recorded votes)

Full profile: /officials/S001217

Source: Congress.gov · FEC

Cosponsors (2)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2025-04-08

Source: Congress.gov

Committee Activity

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Previously

Plain-English Summary

The proposal would establish new requirements for financial institutions to disclose information about their technology systems and cybersecurity practices to regulators and potentially to customers. Banks and other financial companies would need to report on how they manage digital risks and protect customer data, helping federal agencies better oversee the financial sector's technology infrastructure. This affects anyone who uses banking services, as well as the financial institutions themselves that would need to comply with the new reporting rules.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Finance and Financial Sector
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