United States of America: Unleashing AI Innovation in Financial Services Act (HB 9309/ SB 4951)
Progress
Current status
under deliberation
06 Aug 2024 under deliberation
01 Aug 2024 under deliberation
Scope
Implementers
United States of America
Policy Area
Design and testing standards
Policy Instrument
Testing requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
ML and AI development
other service provider
Government Branch
legislature
Government Body
parliament
Implementation Level
national
Timeline of events
Introduced Unleashing AI Innovation in Financial Services Act (HB 9309)
On 6 August 2024, the Unleashing AI Innovation in Financial Services Act (HB 9309), the companion Bill of SB 951 was introduced to the House of Representatives in the United States of America. The Bill proposes the establishment of regulatory sandbo…
SourceEvent type
law
Action type
introduction
Government branch
legislature
Government body
parliament
Introduced Unleashing AI Innovation in Financial Services Act (SB 4951)
On 1 August 2024, the Unleashing AI Innovation in Financial Services Act (SB 4951) was introduced to the Senate. The Bill proposes the establishment of regulatory sandboxes to enable financial services entities to test artificial intelligence (AI) t…
SourceEvent type
law
Action type
introduction
Government branch
legislature
Government body
parliament