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Proposed Legislation Machine Learning Rulemaking Process

Orrick, Herrington & Sutcliffe LLP

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

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

WilmerHale

California Proposes Artificial Intelligence Legislation

WilmerHale on

The use of generative artificial intelligence (“AI”) by businesses and consumers over the past several months has increased dramatically—driven in large part by the enormous visibility of ChatGPT as a new AI device, improved...more

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