Lawmakers Introduce Bipartisan, Bicameral Bill to Promote AI in Financial Services
Summary
On July 30, 2025, a bipartisan, bicameral group of lawmakers reintroduced the Unleashing AI Innovation in Financial Services Act (H.R. 4801/S. 2528). The legislation—introduced by House Financial Services Committee Chair French Hill (R-AR), along with Reps. Richie Torres (D-NY), Bryan Steil (R-WI), and Josh Gottheimer (D-NJ), and Sens. Mike Rounds (R-SD), Andy Kim (D-NJ), Thom Tillis (R-NC) and Martin Heinrich (D-NM)—aims to promote AI in financial services via regulatory sandboxes for AI test projects at financial regulatory agencies.
Impacted Sectors
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