{
  "id": 8085752,
  "title": "House Votes to Modernize Bank Oversight and Kill the Penny",
  "url": "https://urgent.news/2026/09/17/house-votes-to-modernize-bank-oversight-and-kill-the-penny",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T19:36:39.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/legal/2026/house-votes-to-modernize-bank-oversight-and-kill-the-penny/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The U.S. House of Representatives voted 417 to 7 to pass the Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act (FUTURES Act), a bill aimed at modernizing bank oversight by requiring financial regulators to assess their technological capabilities and identify ways to improve examination efficiency. Sponsored by Reps. Marlin Stutzman and Bill Foster, the bill emphasizes the importance of regulatory technology in keeping pace with advancements in AI and cybersecurity, particularly in safeguarding Americans' assets. Additionally, the House also passed the Common Cents Act, which would eliminate the production of the penny, citing its high cost relative to its value, and the Whistleblower Protection Act of 2025, which would extend protections for whistleblowers to federally funded contracts under the Department of Housing and Urban Development.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}