A bipartisan House bill unveiled Monday would require regulators to investigate how the financial services industries they oversee are using artificial intelligence, and the challenges agencies have in using these tools.
The bill, scheduled to be introduced by Reps. Patrick McHenry (R-N.C.) and Maxine Waters (D-Calif.), the two top lawmakers in the House Financial Services Committee, would require regulators to solicit public opinion, include legislative recommendations, and publish a report.
The bill would require the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation Board, the Comptroller of the Currency, the director of the Bureau of ...