Proud to be working with a bipartisan and bicameral group of my colleagues in DC on legislation to encourage the use of new AI technology in the financial services sector while maintaining regulations that protect the public. https://t.co/iAP3y1uwia
NEW: I introduced bipartisan legislation to promote AI innovation in the financial services industry. This bill would provide a controlled environment where AI products can be tested - striking a balance between innovation & consumer protection. More: https://t.co/m3U9BuZH8C
The House @FinancialCmte held a hearing recently on AI applications in financial services and housing. AI powered tools have the ability to enhance these sectors, particularly when it comes to combatting fraud, but we must ensure they're being deployed responsibly. https://t.co/v0ON0oStz6

A bipartisan effort is underway in the U.S. Congress to regulate and promote artificial intelligence (AI) across various sectors. Senator Amy Klobuchar and Senator John Thune have introduced a bill aimed at implementing safeguards for high-risk, non-defense AI applications and improving transparency, which has passed the Senate Commerce Committee. In Georgia, state senators are exploring AI regulations to protect privacy, ensure transparency, and address job displacement. The House Financial Services Committee recently held a hearing on AI applications in financial services and housing, focusing on enhancing these sectors while ensuring responsible deployment, particularly in combatting fraud. Additionally, Senator Rounds has introduced bipartisan legislation to promote AI innovation in financial services by providing a controlled environment for testing AI products. Representative Ritchie is collaborating with a bipartisan and bicameral group on legislation to encourage new AI technology in financial services while maintaining public protection regulations.