Financial Services own AI legislation

Congress seeks to define how AI can be used in the financial services industry. Say hello to S.2528 – A bill to establish AI Innovation Labs that permit certain persons to experiment with artificial intelligence without expectation of enforcement actions.

The bill’s author, U.S. Senator Rounds (R-SD), says “By creating a safe space for experimentation, we can help firms innovate and regulators learn, without applying outdated rules that don’t fit today’s technology.”

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