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Bipartisan, bicameral bill seeks to provide AI sandboxes to finserv firms

Image of a sandbox with a couple of kids' toys in it.
Photo: Sean Gallup/Getty Images

Julie DiMauro

2 min read
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The Unleashing AI Innovation in Financial Services Act establishes regulatory guardrails for new AI test projects or “sandboxes.”

Two US senators, Martin Heinrich (D-NM) and Mike Rounds (R-SD) have introduced bipartisan legislation to promote artificial intelligence (AI) innovation in the financial services industry.

The senators’ press release says their bill, The Unleashing AI Innovation in Financial Services Act, will establish regulatory guardrails at financial regulatory agencies for regulated

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