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US House Committee tackles impact of AI on financial services, housing industries

Image of Representative Maxine Waters, Democrat of California.
Maxine Walters. Photo: Chip Somodevilla/Getty Images

Proposed law and resolution focus on identifying the risks and benefits of AI and exploring further legislation needed to protect people and communities.

Chair of the House Financial Services Committee, Patrick McHenry (R-NC), and Ranking Member Maxine Waters (D-CA) have just introduced two bipartisan measures highlighting the impact of artificial intelligence (AI) on the financial services and housing industries. They did so just prior to a hearing by the committee on how