FAIRR Act

Hozzl · 2024-06-13T10:56:37Z

Explore the details of Senate Bill 3554 FAIRR Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

6/13/2024, 10:56 AM

Summary of Bill S 3554

The FAIRR Act, also known as Bill 118 s 3554, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to address issues related to food and agriculture, specifically focusing on promoting fairness, accountability, and innovation in these industries.

The FAIRR Act includes provisions aimed at improving transparency and competition within the food and agriculture sectors. It seeks to ensure that farmers and producers have access to fair markets and are not unfairly disadvantaged by larger corporations. The bill also aims to promote innovation in agriculture, encouraging the development of new technologies and practices that can improve sustainability and efficiency.

Additionally, the FAIRR Act includes measures to address issues related to food safety and security. It seeks to strengthen regulations and oversight to ensure that the food supply chain is secure and that consumers can have confidence in the safety of the food they eat. Overall, the FAIRR Act is a comprehensive piece of legislation that aims to address a wide range of issues related to food and agriculture in the United States. It is currently being debated in Congress, and its ultimate fate will depend on the support it receives from lawmakers.

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Current Status of Bill S 3554

Bill S 3554 is currently in the status of Bill Introduced since December 18, 2023. Bill S 3554 was introduced during Congress 118 and was introduced to the Senate on December 18, 2023. Bill S 3554's most recent activity was Committee on Banking, Housing, and Urban Affairs. Hearings held. as of June 12, 2024

Bipartisan Support of Bill S 3554

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3554

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 3554

FAIRR ActFinancial Artificial Intelligence Risk Reduction ActFAIRR ActA 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.

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