House Lawmakers Propose Creation of Task Force on AI in the Financial Services Sector
Summary
On September 28, 2023, Reps. Brittany Pettersen (D-CO) and Mike Flood (R-NE) introduced the Preventing Deep Fake Scams Act (H.R. 5808), which would create a Task Force on Artificial Intelligence in the Financial Services Sector to examine AI’s potential benefits for and uses in financial institutions, as well as the risks it poses to consumers, and report to Congress within one year of enactment. In developing the report, the Task Force would be required to consult with industry stakeholders and solicit public comments.
Impacted Sectors
Additional Information
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