Unleashing AI Innovation in Financial Services Act
Summary, written by a model from the CRS summary
Companion or duplicate measure creating AI testing flexibility and regulatory sandboxes in financial services. It lets firms pilot AI products under regulator supervision. It shapes AI use in credit, trading, and insurance.
Model-rated AI relevance 90%.
Sponsored by
Mike RoundsRepublicanSDData as of: bills Sep 9, 2026 · votes Sep 11, 2026 · statements Sep 9, 2026. What changed
Progress
Introduced
Jul 29, 2025
Reported by committee
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Passed House
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Passed Senate
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Became law
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Latest action · July 29, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
What members said
Releases that cite this bill first, then releases on the same topics.
Sanders would permanently ban superintelligent AI and pause advanced AI development until a new federal regulator sets safety rules.
Source ↗Warnock calls for a statewide moratorium on AI data center construction unless projects guarantee no utility cost hikes, no NDAs, no tax giveaways, and no pollution.
Source ↗Burlison would bar federal funds for AI-augmented license plate readers and biometric surveillance cameras to protect Fourth Amendment privacy rights.
Source ↗Hawley is investigating AI surveillance camera companies, arguing Congress never authorized these invasive AI-driven networks and that corporate self-policing is an inadequate safeguard.
Source ↗Foster would restore NCUA and FHFA authority over third-party tech vendors because AI makes cyberattacks on the financial system more sophisticated.
Source ↗Massie would bar federal funds for AI-augmented license plate readers and biometric surveillance cameras to stop a government surveillance state.
Source ↗Barrett's bipartisan Doctors Not AI Act would bar AI from making medical-necessity insurance denials and require disclosure of AI use.
Source ↗Evans promotes American open-source AI leadership against China while adding commonsense consumer guardrails and mandated federal risk assessments of adversary models.
Source ↗Bill data read 2026-09-09T02:09:45.522Z