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Machine Learning › Proposed Legislation › Financial Services Industry

Orrick, Herrington & Sutcliffe LLP

House Financial Services Committee introduces new bill regulating AI in financial services

Orrick, Herrington & Sutcliffe LLP on

On July 30, the U.S. House Financial Services Committee Chairman, Rep. French Hill (R-AR), announced the introduction of a new bill to promote AI in financial services: H.R. 4801 will be known as the ‘‘Unleashing AI...more

Troutman Pepper Locke

U.S. Senator Rounds Introduces Legislation Aimed at Fostering AI Innovation in the Financial Services Industry

Troutman Pepper Locke on

On August 27, U.S. Senator Mike Rounds (R-SD) introduced the “Unleashing AI Innovation in Financial Services Act” (S. 4951), a bill aimed at fostering artificial intelligence (AI) innovation within the financial services...more

Akin Gump Strauss Hauer & Feld LLP

Senate AI Working Group Releases Long-Anticipated Roadmap for AI Policy

Akin Gump Strauss Hauer & Feld LLP on

On May 15, 2024, the Senate AI Working Group—Senate Majority Leader Chuck Schumer (D-NY) and Sens. Mike Rounds (R-SD), Todd Young (R-IN), and Martin Heinrich (D-NM)—issued their long-anticipated Roadmap for Artificial...more

Robinson+Cole Data Privacy + Security Insider

State Legislatures Eye AI Regulation

Robinson+Cole Data Privacy + Security Insider on

A growing number of states have enacted laws this year to study artificial intelligence (AI), ahead of possible legislative action to address expected threats to jobs, civil liberties, and property rights with the emerging...more

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