Bryan Steil (R-WI)
Expressing the sense of the House of Representatives with respect to the use of artificial intelligence in the financial services and housing industries.
A Republican resolution with 2 Democratic cosponsors · See all 3 cosponsors
Last activity — Placed on the House Calendar, Calendar No. 67.
Cleared committee, waiting for its first floor vote
A committee approved it and it is on the calendar of the chamber it started in.
This is further than most bills get, and still no promise of a vote: the calendar is a queue, and the majority leadership decides what is called. A bill can sit here until the Congress ends.
Its path through Congress
- Introduced
- On Calendar
A House resolution is the House speaking for itself: stating a position, honouring someone, or setting its own rules. Adopting it is the whole process. Once the House agrees to it, it is officially the House's word; it is not a law, so the Senate and the President have no part in it.
What this bill would do
This resolution expresses the sense of the House of Representatives regarding the use of artificial intelligence in the financial services and housing industries. It notes that AI offers significant opportunities and risks to these critical markets. The text highlights how various participants are currently using AI to improve research, trading, underwriting, and customer service. It calls for regulatory agencies to expand their knowledge of AI governance and best practices. Additionally, it urges the Committee on Financial Services to take a leading role in shaping public policy for these technologies.
Yes· 3 of 14
- Scored +5
Does this make it easier to run a small business?
The resolution urges regulators to ensure that new regulatory frameworks for AI do not disproportionately burden smaller firms.
- Scored +5
Does this better protect the country from computer attacks?
The resolution calls for strengthening cybersecurity standards for AI systems and enhancing operations against evolving threats.
- Scored +4
Would business owners be better off under this?
The resolution notes that AI can enhance employee productivity and operational efficiency for firms.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Enhanced Industry Capabilities: AI is being used by capital market participants to improve research, market surveillance, and trading. It is also used by housing market participants for underwriting, mortgage servicing, and tenant screening. (Whereas clauses)
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Improved Consumer Services: Financial institutions are using AI to enhance customer service capabilities and improve consumer experiences. (Whereas clauses)
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Increased Financial Access and Security: AI can be used to expand the pool of loan applicants, increase repayment rates, and decrease fraudulent payments. (Whereas clauses)
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Operational Efficiency: Financial firms are leveraging AI to streamline compliance with the Bank Secrecy Act and sanctions laws, while also enhancing cybersecurity against evolving threats. (Whereas clauses)
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Economic Growth and Innovation: The resolution suggests that AI has the potential to unlock valuable new use cases for financial services and housing. (Whereas clauses)
Potential Negative Impacts for People
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Legal and Fairness Risks: The use of AI in automated decision-making may lead to explainability challenges due to model complexity and does not relieve institutions of their obligations under anti-discrimination laws. (Whereas clauses)
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Financial Stability and Security Risks: There are concerns that AI could be exploited by malicious actors or create financial stability risks, such as increasing herding behavior. (Whereas clauses)
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Burden on Small Institutions: Small community financial institutions, such as minority or rural depository institutions, may lack the resources to develop and deploy AI models compared to larger firms. (Whereas clauses)
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Third-Party Dependency: The use of AI may increase the direct and indirect reliance of financial institutions on third-party services. (Whereas clauses)
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would business owners be better off under this? — The resolution notes that AI can enhance employee productivity and operational efficiency for firms. Would people in rural areas be better off under this? — The resolution specifically addresses the need to protect small community and rural depository institutions from regulatory burdens. Would Black Americans be better off under this? — The emphasis on enforcing anti-discrimination laws provides a safeguard for minority depository institutions and their clients. Would Asian Americans be better off under this? — Ensuring compliance with anti-discrimination laws helps protect diverse populations in financial decision-making. Would Hispanic Americans be better off under this? — The call to enforce anti-discrimination laws aims to protect all demographic groups from biased AI outcomes. Would households on low incomes be better off under this? — AI could expand the pool of loan applicants and improve financial access for various consumers. Would Native Americans be better off under this? — The focus on anti-discrimination laws helps protect against algorithmic bias in lending and housing. Would white Americans be better off under this? — The resolution promotes a regulatory environment that applies existing anti-discrimination protections to all users.
- Economy And Finance
- Does this make it easier to run a small business? — The resolution urges regulators to ensure that new regulatory frameworks for AI do not disproportionately burden smaller firms. Does this give people more protection from unfair business practices? — The text calls for the enforcement of anti-discrimination laws and the promotion of a pro-consumer culture in AI adoption.
- National Security And Foreign Policy
- Does this better protect the country from computer attacks? — The resolution calls for strengthening cybersecurity standards for AI systems and enhancing operations against evolving threats.
- Education And Technology
- Does this give people more control over their personal data? — The resolution suggests evaluating privacy laws due to the high importance of financial data to AI.
- Governance And Ideology
- Does this protect people from being watched or searched? — The text encourages the consideration of reforms to privacy laws regarding financial data used in AI.
- Social Issues And Justice
- Does this narrow racial gaps in how people are treated? — The resolution emphasizes that AI-driven decision-making must still adhere to existing anti-discrimination laws.
- 3/19/2026
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-559.
- Placed on the House Calendar, Calendar No. 67.
- 1/22/2026
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 54 - 0.
- 1/21/2026
- 2 Cosponsors added.
- 1/16/2026
- Submitted in House
- Referred to the House Committee on Financial Services.
- 1 Cosponsor added.
Troy DowningRepublican · Montana
Stephen LynchDemocrat · Massachusetts
Sam LiccardoDemocrat · California