Senate Bill 3554 - FAIRR Act

Purpose and Summary

Chamber: Senate

Introduced date: 2023-12-18

Recent Activity

Committee on Banking, Housing, and Urban Affairs. Hearings held.

Alternative Names

FAIRR Act

Financial Artificial Intelligence Risk Reduction Act

FAIRR Act

A bill to amend the Financial Stability Act of 2010 to provide the Financial Stability Oversight Council with duties regarding artificial intelligence in the financial sector, and for other purposes.

A bill to amend the Financial Stability Act of 2010 to provide the Financial Stability Oversight Council with duties regarding artificial intelligence in the financial sector, and for other purposes.

Associated Legislation

Strengthening Cybersecurity for the Financial Sector Act of 2024

Policy Areas

Finance and Financial Sector

Potential Impact

Sponsors and Supporters

Sen. Warner, Mark R. [D-VA]

Cosponsors and Supporters

Sen. Kennedy, John [R-LA]

Committees and Subcommittees

Banking, Housing, and Urban Affairs Committee

Variations and Revisions

Strengthening Cybersecurity for the Financial Sector Act of 2024

FAIRR Act

6/13/2024, 10:56 AM
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Congress
118
Number
S - 3554
Introduced on
2023-12-18
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

12/18/2023
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Committee on Banking, Housing, and Urban Affairs. Hearings held.
Alternative Names
Official Title as IntroducedA bill to amend the Financial Stability Act of 2010 to provide the Financial Stability Oversight Council with duties regarding artificial intelligence in the financial sector, and for other purposes.
Policy Areas
Finance and Financial Sector

Comments

Related

Bill:  Strengthening Cybersecurity for the Financial Sector Act of 2024

Recent Activity

Latest Action6/12/2024
Committee on Banking, Housing, and Urban Affairs. Hearings held.