Bill > HRes1007

This resolution expresses the sense of the House of Representatives regarding the use of artificial intelligence (AI), a technology that can generate new content and insights, within the financial services and housing industries. It acknowledges AI's potential benefits, such as improving customer service, enhancing underwriting and trading, and streamlining compliance, but also recognizes associated risks like potential exploitation by malicious actors and challenges in ensuring fairness and transparency, especially for smaller financial institutions. The resolution calls for the House Committee on Financial Services to take a leading role in shaping public policy for AI adoption in these sectors, promoting innovation while safeguarding consumers and investors, ensuring existing laws, including anti-discrimination measures, are enforced, and identifying any regulatory gaps. It also emphasizes the need for regulators to assess the impact of AI on financial stability and the workforce, strengthen cybersecurity, and maintain U.S. global leadership in AI development, all while protecting taxpayer interests.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-resolution/1007/all-info