Latest action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Promotes artificial intelligence use in financial services with regulatory changes.
The problem
Financial services companies want to use AI technology but face unclear rules and regulations. Current laws may not account for AI's unique capabilities and risks.
The proposal
The bill likely eases regulations on AI use by financial companies, creates new rules for AI systems, and may exempt some AI applications from existing financial oversight requirements.
The impact
Banks, investment firms, and fintech companies gain flexibility to use AI. Consumers may see faster services or new products, but face potential risks from untested AI systems.
AI can process applications and transactions quicker. Customers might get loans approved faster and see better service overall. Banks could serve more people efficiently.
AI reduces the need for as many workers doing routine tasks. Financial companies could spend less money on operations. Some savings might be passed to customers.
Allowing AI innovation helps U.S. companies compete globally. American financial tech firms could lead in AI development. This supports technology industry growth.
AI can spot fraud and financial crimes faster than humans. This protects consumers and the financial system from theft and illegal activity.
Fewer regulations might mean less protection for customers. If AI makes mistakes with loans or investments, people could lose money without recourse. There may be no clear way to fix AI errors.
AI systems can accidentally discriminate against certain groups. If AI denies loans unfairly to minorities or women, laws may not address it. Biased AI could hurt vulnerable populations.
AI systems can fail unexpectedly in ways humans don't understand. A major financial company's AI failure could harm the entire economy. There may be no backup plan if AI breaks down.
Reducing rules might mean less human review of AI decisions. Important financial choices could be made entirely by machines. Consumers couldn't appeal to a person if they disagree.
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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