Eight federal agencies that oversee banks, lenders, and other financial companies would have to take a hard look at their own computer systems and buying rules. Those agencies are the Federal Reserve Board (the central bank, which supervises many large banks), the Consumer Financial Protection Bureau (which polices how consumers are treated by lenders and card companies), the Federal Deposit Insurance Corporation (which insures bank deposits and examines banks), the Treasury Department, the Office of the Comptroller of the Currency (which regulates nationally chartered banks), the Financial Crimes Enforcement Network (which tracks suspicious money activity like laundering), the Federal Housing Finance Agency (which oversees mortgage giants Fannie Mae and Freddie Mac), and the National Credit Union Administration (which regulates credit unions). Each would evaluate whether its technology lets it check on the companies it supervises in real time, and would review its own rules for purchasing or building new tech systems, pointing out any ways to make that process simpler. Every five years, each agency would send Congress a report covering the technology it uses, planned upgrades, how it buys technology, the makeup of its technology development staff, and how it shares data.