S 4870 · 118th Congress · Finance and Financial Sector

A bill to require reports on artificial intelligence regulation in the financial services industry.

Introduced 2024-07-30· Sponsored by Sen. Rounds, Mike [R-SD]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2024-07-30)

Plain Language Summary

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 4870 Introduced in Senate (IS)] <DOC> 118th CONGRESS 2d Session S. 4870 To require reports on artificial intelligence regulation in the financial services industry. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES July 30, 2024 Mr. Rounds (for himself, Mr. Schumer, Mr. Heinrich, and Mr. Young) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To require reports on artificial intelligence regulation in the financial services industry. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. REPORT ON ARTIFICIAL INTELLIGENCE REGULATION IN FINANCIAL SERVICES INDUSTRY. (a) In General.--Not later than 90 days after the date of enactment of this Act, each of the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the National Credit Union Adm…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

2 Democrats1 Republican