Unleashing AI Innovation in Financial Services Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4801 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4801 To establish AI Innovation Labs that permit certain persons to experiment with artificial intelligence without expectation of enforcement actions. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 29, 2025 Mr. Hill of Arkansas (for himself, Mr. Torres of New York, Mr. Steil, and Mr. Gottheimer) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To establish AI Innovation Labs that permit certain persons to experiment with artificial intelligence without expectation of enforcement actions. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Unleashing AI Innovation in Financial Services Act''. SEC. 2. DEFINITIONS. In this section: (1) AI test project.--The term ``AI test project'' means a financial product or service that-- (A) falls under the jurisdiction of a financial regulatory agency; (B) makes substantial use of artificial intelligence; and (C) is, or may be, subject to a Federal regulation or Federal statute. (2) Appropriate financial regulatory agency.--The term ``appropriate financial regulatory agency'' means-- (A) the appropriate Federal banking agency, as defined in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813), with respect to an institution described in subsection (q) of that section; (B) the Securities and Exchange Commission, with respect to an institution not described in subparagraph (A) that is-- (i) any broker or dealer that is registered with the Commission under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.); (ii) any investment company that is registered with the Commi