,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #ajbfc  ,,9 ,,! ,,h\se ,,(         
,,repres5tatives  ,novemb] #bf1         
#bjbd,ms4 ,wat]s introduc$ ! foll[+     
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,a ,,bill  ,to      
require ! ,f$]al f9ancial ag5cies to    
c>ry out a /udy & report on /&>diz$     
descriptions = v5dor-provid$ artificial 
intellig5ce sy/ems1 & = o!r purposes4   
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,responsible ,,ai ,disclosure ,act (  
#bjbd4  #b4 ,/udy & report on /&>diz$   
description = v5dor-provid$ artificial  
intellig5ce sy/ems  7a7 ,/udy ,! heads (
 ea* cov]$ ag5cy may coord9ate ) o!r    
cov]$ ag5cies & consult ) o!r relevant  
,gov]nm5t ag5cies to c>ry out a /udy t--
 7#a7 e/abli%es curr5t & recomm5d$      
def9itions & /&>ds = categoriz+         
artificial intellig5ce data &           
me?odologies us$ to tra9 artificial     
intellig5ce models t are commonly       
utiliz$ by regulat$ entities2  7#b7     
assesses curr5t & recomm5d$ practices = 

regulat$ entities & v5dors to id5tify   
data us$ to tra9 artificial intellig5ce 
models t are utiliz$ by regulat$        
entities2  7#c7 assesses curr5t &       
recomm5d$ /&>ds = ! del9eation & ratios 
( syn!tic v]sus g5u9e data 9 ! tra9+ (  
artificial intellig5ce models2  7#d7    
id5tifies ! s\rces ( su* data2  7#e7    
assesses h[ su* models are design$ &    
function1 includ+ h[ ! data submitt$ to 
su* models are incorporat$ & o!r ways 9 
:i* ! data is typically us$2 &  7#f7    
exam9es be/ practices = comply+ )       
applicable ,f$]al laws & regulations1   
includ+ anti-discrim9ation1 consum]     
protection1 & inve/or protection        
requirem5ts ) respect to int]nal or     
v5dor-provid$ artificial intellig5ce    
sy/ems utiliz$ by regulat$ entities4    
7b7 ,report ,n lat] ?an ! end ( !       
#f-mon? p]iod beg9n+ on ! date ( !      
enactm5t ( ?is ,act1 ! heads ( ea* cov]$
 ag5cy %all issue a report to !         
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives & ! ,committee  

on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate t conta9s-- 7#a7 all f9d+s &     
det]m9ations made 9 c>ry+ out ! /udy    
requir$ "u subsection 7a72 &  7#b7      
recomm5dations on :e!r ,f$]al /atutes1  
regulations1 guidance1 ord]s1 sup]visory
 practices1 or any o!r adm9i/rative     
actions %\ld be revis$ ) reg>d to !     
disclosures & /&>diz$ descriptions (    
v5dor-provid$ artificial intellig5ce    
sy/ems4  7c7 ,exi/+ au?ority ,aft] !    
issuance ( ! report requir$ "u          
subsection 7b71 ea* cov]$ ag5cy %all1 if
 ! ag5cy det]m9es x appropriate &       
det]m9es ! ag5cy has ! au?ority to act  
"u ano!r provision ( law1 require-- 7#a7
 regulat$ entities & v5dors provid+     
artificial intellig5ce sy/ems to        
regulat$ entities to-- 7,a7 report to ! 
cov]$ ag5cy-- 7i7 h[ ! entity or v5dor  
id5tifies data us$ to tra9 artificial   
intellig5ce models2  7ii7 ! del9eation &
 ratios ( syn!tic v]sus g5u9e data 9 !  
tra9+ ( artificial intellig5ce models2  
7iii7 ! s\rces ( su* data2 or  7iv7 h[  

su* models are design$ & function1      
includ+ h[ ! data submitt$ to su* models
 are incorporat$ & o!r ways 9 :i* ! data
 is typically us$2 or  7,b7 disclose all
 or "p ( ! in=mation describ$ "u        
subp>agraph 7,a7 to ! public 9 su* =m z 
! cov]$ ag5cy det]m9es appropriate2 or  
7#b7 v5dors seek+ to provide artificial 
intellig5ce sy/ems to regulat$ entities 
to provide ! regulat$ entities ) a      
/&>diz$ disclosure1 z det]m9$ by ! cov]$
 ag5cy1 ) in=mation describ$ 9 p>agraph 
7#a77;,a7 = ea* artificial intellig5ce  
model ! regulat$ entity seeks to        
utilize4  7d7 ,s5se ( ,congress ,x is ! 
s5se ( ! ,congress t a cov]$ ag5cy t    
det]m9es ! requirem5ts describ$ "u      
subsection 7c7 are ne$$ %\ld n wait to  
implem5t su* requirem5ts until aft] !   
issuance ( ! report "u subsection 7b74  
7e7 ,def9itions ,9 ?is section3 7#a7    
,cov]$ ag5cy ,! t]m cov]$ ag5cy means ! 
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em1 ! ,bureau ( ,consum] ,f9ancial  
,protection1 ! ,f$]al ,deposit          

,insurance ,corporation1 ! ,(fice ( !   
,comptroll] ( ! ,curr5cy1 ! ,national   
,cr$it ,union ,adm9i/ration1 & !        
,securities & ,ex*ange ,commission4     
7#b7 ,regulat$ entity ,) respect to a   
cov]$ ag5cy1 ! t]m regulat$ entity      
means-- 7,a7 an entity ) respect to :i* 
! cov]$ ag5cy is ! prim>y f9ancial      
regulatory ag5cy 7z def9$ "u section #b 
( ! ,dodd-,frank ,wall ,/reet ,re=m &   
,consum] ,protection ,act72  7,b7 a     
,/ate cr$it union or a ,f$]al cr$it     
union 7z su* t]ms are def9$1            
respectively1 "u section #aja ( ! ,f$]al
 ,cr$it ,union ,act71 ) respect to !    
,national ,cr$it ,union ,adm9i/ration2 &
  7,c7 a cov]$ p]son 7z def9$ "u section
 #ajjb ( ! ,consum] ,f9ancial           
,protection ,act ( #bjaj71 ) respect to 
! ,bureau ( ,consum] ,f9ancial          
,protection4