United States of America: Introduced Unleashing AI Innovation in Financial Services Act (SB 4951)
Description
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…
Scope
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
Implementation Level
national
Government Branch
legislature
Government Body
parliament