Latest action: Placed on the Union Calendar, Calendar No. 619.
Bill is filed in its originating chamber and assigned a number.
Sponsor
J. Hill (R-AR)
Filed in the House.
Next: In Committee
Members of the committee(s) the bill was referred to
Bill allows artificial intelligence tools in financial services with fewer government rules.
The problem
Financial regulators have strict rules that may slow down AI development. Banks want to use AI faster. There is debate about how much oversight AI needs.
The proposal
The bill reduces regulations for banks and financial companies using AI. It streamlines approval processes. It gives companies more freedom to test AI in financial services.
The impact
Banks and financial companies can use AI faster. Consumers may get new financial services. Regulators have less oversight. Risk of problems increases if AI fails.
Banks can develop and launch AI products quicker. This could lead to better financial tools for customers. Competition may improve services and lower costs.
Less regulation can help financial companies compete globally. Tech companies may invest more in financial AI. Jobs in fintech could increase.
AI can personalize banking and investment advice. Faster processing means quicker loan decisions. Customers may benefit from lower fees.
The US can lead in financial AI technology. Companies face less red tape than international competitors. This supports American innovation.
Fewer rules mean less oversight of AI decisions. If AI makes mistakes, consumers may lose money. There are fewer safeguards against unfair practices.
Banks can use untested AI without full review. A major AI failure could hurt the entire financial system. Problems could spread quickly across many institutions.
AI can accidentally discriminate in lending and hiring. Without strict rules, bias problems may go uncaught. Some groups could be unfairly denied financial services.
Quick AI changes could create new financial dangers. Regulators may not understand new risks in time. The market could become unpredictable.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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