Expressing the sense of the House of Representatives with respect to the use of artificial intelligence in the financial services and housing industries.

Hozzl · 2024-12-16T19:27:00Z

Explore the details of House Bill 1600 Expressing the sense of the House of Representatives with respect to the use of artificial intelligence in the financial services and housing industries. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

12/16/2024, 7:27 PM

Summary of Bill HRES 1600

Bill 118 H.Res. 1600, titled "Expressing the sense of the House of Representatives with respect to the use of artificial intelligence in the financial services and housing industries," addresses the growing use of artificial intelligence (AI) in these sectors. The bill highlights the potential benefits of AI in improving efficiency, reducing costs, and enhancing customer experiences in financial services and housing.

The bill acknowledges the importance of ensuring that AI technologies are used responsibly and ethically, with a focus on protecting consumer privacy and preventing discrimination. It emphasizes the need for transparency and accountability in the development and deployment of AI systems in these industries.

Furthermore, the bill calls for increased collaboration between industry stakeholders, regulators, and policymakers to address the challenges and opportunities presented by AI in financial services and housing. It encourages the development of best practices and standards to guide the responsible use of AI technologies. Overall, Bill 118 H.Res. 1600 aims to raise awareness and promote discussion on the use of AI in the financial services and housing industries, with a focus on ensuring that these technologies are used in a way that benefits consumers and promotes fair and equitable access to financial services and housing opportunities.

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Current Status of Bill HRES 1600

Bill HRES 1600 is currently in the status of Bill Introduced since November 26, 2024. Bill HRES 1600 was introduced during Congress 118 and was introduced to the House on November 26, 2024. Bill HRES 1600's most recent activity was Referred to the House Committee on Financial Services. as of November 26, 2024

Bipartisan Support of Bill HRES 1600

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HRES 1600

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HRES 1600

Expressing the sense of the House of Representatives with respect to the use of artificial intelligence in the financial services and housing industries.Expressing the sense of the House of Representatives with respect to the use of artificial intelligence in the financial services and housing industries.

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