,,ii  #aahth ,,congress  #b;d ,session  
,s4 #dhgj  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #cj1     
#bjbd,mr4 ,rounds 7for himself1 ,mr4    
,schumer1 ,mr4 ,heinrich1 and ,mr4      
,young7 introduced the following bill2  
which was read twice and referred to the
 ,committee on ,banking1 ,housing1 and  
,urban ,affairs  ,a ,,bill  ,to require 
reports on artificial intelligence      
regulation in the financial services    
industry4  #a4 ,report on artificial    
intelligence regulation in financial    
services industry  7a7 ,in general ,not 
later than #ij days after the date of   
enactment of this ,act1 each of the     
,board of ,governors of the ,federal    
,reserve ,system1 the ,federal ,deposit 
,insurance ,corporation1 the ,office of 
the ,comptroller of the ,currency1 the  
,national ,credit ,union                
,administration1 and the ,bureau of     
,consumer ,financial ,protection shall  
submit to the ,committee on ,banking1   
,housing1 and ,urban ,affairs of the    

,senate and the ,committee on ,financial
 ,services of the ,house of             
,representatives a report on the gap in 
knowledge of the agency relating to     
artificial intelligence1 including an   
analysis on-- 7#a7 which tasks are most 
frequently being assisted or completed  
with artificial intelligence in the     
institutions the agency regulates2  7#b7
 current governance standards in place  
for artificial intelligence use at the  
agency and current standards in place   
for artificial intelligence oversight by
 the agency2  7#c7 potentially          
additional regulatory authorities       
required by the agency to continue to   
successfully execute the mission of the 
agency2  7#d7 where artificial          
intelligence may lead to overlapping    
regulatory issues between agencies that 
require clarification2  7#e7 how the    
agency is currently using artificial    
intelligence1 how the agency plans to   
use such artificial intelligence the    
next #c years1 and the expected impact1 

including fiscal and staffing1 of those 
plans2 and  7#f7 what resources1        
monetary or other resources1 if any1 the
 agency requires to both adapt to the   
changes that artificial intelligence    
will bring to the regulatory landscape  
and to adequately adopt and oversee the 
use of artificial intelligence across   
the operations described in paragraph   
7#e74  7b7 ,rule of construction        
,nothing in this section may be         
construed to require an agency to       
include confidential supervisory        
information or predecisional or         
deliberative nonpublic information in a 
report under this section4