House Financial Services Committee Forms AI Working Group

Summary
On January 11, 2024, House Financial Services Committee Chair Patrick McHenry (R-NC), and Ranking Member Maxine Waters (D-CA) announced the formation of the panel’s bipartisan Working Group on Artificial Intelligence, which will be spearheaded by Digital Assets, Financial Technology and Inclusion Subcommittee Chairman French Hill (R-AR) and Ranking Member Stephen Lynch (D-MA). Among other responsibilities, the Working Group will conduct oversight over AI directives in the AI EO within its jurisdiction.