Unleashing AI Innovation in Financial Services Act
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill expands a appropriation, loan guarantee, compliance mandate provision: 2 and expands a appropriation, reporting req, compliance mandate provision: 3. It relies on appropriations, compliance mandates, loan guarantees, and reporting requirements. The main policy areas are Defense.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Expands a appropriation, loan guarantee, compliance mandate provision: 2.
- Expands a appropriation, reporting req, compliance mandate provision: 3.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill expands a appropriation, loan guarantee, compliance mandate provision: 2 and expands a appropriation, reporting req, compliance mandate provision: 3.
Key Policy Areas
Defense
Primary Purpose
The bill expands a appropriation, loan guarantee, compliance mandate provision: 2 and expands a appropriation, reporting req, compliance mandate provision: 3.
Policy Domains
Sponsors
Legislative Progress
In CommitteeMr. Rounds (for himself, Mr. Heinrich, Mr. Tillis, and Mr. …
Read twice and referred to the Committee on Banking, Housing, …
Introduced in Senate
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → Securities and Exchange Commission
- "financial_regulatory_agency"
- → Board of Governors of the Federal Reserve System, FDIC, OCC, SEC, CFPB, NCUA, or FHFA
- "regulated_entity"
- → Entity regulated by any financial regulatory agency
- "financial_regulatory_agency"
- → Board of Governors of the Federal Reserve System, FDIC, OCC, SEC, CFPB, NCUA, or FHFA
- "appropriate_financial_regulatory_agency"
- → The specific agency with primary jurisdiction over the regulated entity
Key Definitions
Terms defined in this bill
A financial product or service that falls under the jurisdiction of a financial regulatory agency, makes substantial use of artificial intelligence, and is or may be subject to a Federal regulation or statute
The specific federal agency with primary jurisdiction over an institution: Federal banking agencies for banks, SEC for broker-dealers and investment companies, CFPB for covered persons, NCUA for credit unions, FHFA for GSEs
Has the meaning given in section 5002 of the National Artificial Intelligence Initiative Act of 2020 (15 U.S.C. 9401)
Has the meaning in CFPA section 1002, includes activities financial in nature under BHC Act, securities products, but excludes insurance business
The Federal Reserve Board, FDIC, OCC, SEC, CFPB, NCUA, or FHFA
An entity regulated by any financial regulatory agency
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology