,,ii  #aai? ,,congress  #b;d ,session   
,s4 #dgdc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #aj1 #bjbf,ms4   
,w>r5 7= h]self & ,mr4 ,blum5?al7       
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to require ! ,(fice ( ,f9ancial
 ,rese>* to compel data relat+ to !     
f9anc+ ( artificial intellig5ce         
developm5t1 provide t data to ,congress1
 & issue recomm5dations to f9ancial     
regulatory ag5cies & ,congress to       
mitigate f9ancial /ability risk1 & = o!r
 purposes4  #a4 ,%ort title ,?is ,act   
may be cit$ z ! ,,ai ,bubble ,transp>5cy
 ,act4  #b4 ,f9ancial sy/em exposure to 
artificial intellig5ce sector ,subtitle 
,b ( ! ,f9ancial ,/ability ,act ( #bjaj 
7#ab ,u4,s4,c4 #ecda et seq47 is am5d$  
by add+ at ! end ! foll[+3  #aeg4 ,data 
collection on f9ancial sy/em exposure to
 artificial intellig5ce sector  7a7     
,artificial intellig5ce def9$ ,9 ?is    
section1 ! t]m artificial intellig5ce   

has ! mean+ giv5 t t]m 9 section #ejjb (
 ! ,national ,artificial ,intellig5ce   
,initiative ,act ( #bjbj 7#ae ,u4,s4,c4 
#idja74  7b7 ,data collection  7#a7     
,report+ on exposure  7,a7 ,9 g5]al ,n  
lat] ?an #ahj days aft] ! date (        
enactm5t1 ! ,director %all ord] all     
f9ancial companies to submit data1      
subject to ! limitation "u p>agraph     
7#b71 relat+ to _! exposure to debt &   
equity in/rum5ts connect$ to companies t
 support artificial intellig5ce h>dw>e &
 physical infra/ructure1 includ+ *ip    
mak]s & data c5t]s1 hyp]scal]s & neocl\d
 provid]s1 model orig9ators & develop]s1
 & data infra/ructure4  7,b7 ,data      
cont5ts ,! data requir$ to be submitt$  
"u subp>agraph 7,a7 %all include !      
foll[+3 7i7 ,report+ ( cr$it exposure   
,data relat+ to cr$it exposure1         
includ+-- 7,i7 type ( debt in/rum5t2    
7,,ii7 size ( ! exposure2  7,,iii7 issu+
 company or c\nt]p>ty2  7,,iv7 int]e/   
rate2  7,v7 t]m2  7,,vi7 collat]al      
pl$g$2 &  7,,vii7 additional borr[]     

*>act]i/ics1 su* z-- 7aa7 subsector     
classification2  7bb7 annual rev5ue &   
net income2  7cc7 total m>ket           
capitalization1 if applicable2 &  7dd7  
total debt & o!r out/&+ liabilities1    
includ+ ^? held (f-balance %eet4  7ii7  
,report+ ( equity exposure ,data relat+ 
to equity exposure1 includ+-- 7,i7 type 
( equity in/rum5t2  7,,ii7 size ( !     
exposure2 &  7,,iii7 additional company 
*>act]i/ics1 su* z-- 7aa7 subsector     
classification2  7bb7 annual rev5ue &   
net income2  7cc7 total m>ket           
capitalization1 if applicable2 &  7dd7  
total debt & o!r out/&+ liabilities1    
includ+ ^? held (f-balance %eet4  7iii7 
,o!r ,any o!r in=mation ! ,director     
det]m9es necess>y = evaluat+ ! exposure 
( ! f9ancial companies to debt & equity 
in/rum5ts connect$ to ! artificial      
intellig5ce sector4  7#b7 ,limitation ,!
 ,director may exempt small f9ancial    
companies1 includ+ banks ) less ?an     
#aj1jjj1jjj1jjj 9 assets1 & f9ancial    
companies ) less ?an #ejj1jjj1jjj (     

f9ancial exposure to ! in/rum5ts        
describ$ 9 p>agraph 7#a7 f ! report+    
requirem5ts "u ?is section4  7c7        
,en=cem5t au?ority ,! ,director %all use
 ! au?ority "u section #aec7;f7 to      
compel data f any f9ancial company t    
fails to comply ) ! data collection     
requir$ "u ?is section4  7d7 ,report &  
recomm5dations  7#a7 ,report requir$ ,n 
lat] ?an #a ye> aft] ! date ( enactm5t (
 ?is ,act1 ! ,*air ( ! ,f9ancial        
,/ability ,ov]sight ,c\ncil %all issue &
 make publicly available a report on !  
f9d+s ( ! data collection "u ?is section
 t evaluates-- 7,a7 ! size1 scope1      
complexity1 & int]connect$ness ( !      
f9ancial sy/em's exposure to debt &     
equity in/rum5ts connect$ to artificial 
intellig5ce developm5t2  7,b7 !         
transmission *annels ?r\gh :i* a sev]e  
decl9e 9 value ( debt & equity in/rum5ts
 connect$ to artificial intellig5ce c\ld
 ?reat5 ! /ability ( ! f9ancial sy/em ( 
! ,unit$ ,/ates2 &  7,c7 ! ext5t to :i* 
f9ancial companies are indirectly expos$

 to debt & equity in/rum5ts connect$ to 
artificial intellig5ce developm5t ?r\gh 
f9anc+ arrangem5ts ) o!r f9ancial       
companies4  7#b7 ,recomm5dations ,!     
,c\ncil %all use ! au?ority "u section  
#abj to issue policy recomm5dations to  
memb] ag5cies & to ,congress to mitigate
 f9ancial /ability risks relat+ to !    
f9anc+ ( artificial intellig5ce         
developm5t4  7e7 ,submission to         
,congress ,n lat] ?an #a ye> aft] ! date
 ( enactm5t ( ?is ,act1 ! ,director %all
 submit to ! ,*airs & ,rank+ ,memb]s ( !
 ,committee on ,bank+1 ,h\s+1 & ,urban  
,affairs ( ! ,s5ate & ! ,committee on   
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives1 9 unr$act$ =m1 ! data  
collect$ "u ?is section4  4