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

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 1007 Introduced in House (IH)]

<DOC>






119th CONGRESS
  2d Session
H. RES. 1007

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 16, 2026

     Mr. Steil (for himself and Mr. Lynch) submitted the following 
 resolution; which was referred to the Committee on Financial Services

_______________________________________________________________________

                               RESOLUTION


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

Whereas generative artificial intelligence (``AI'') has the potential to provide 
        significant opportunities as well as risks across the financial services 
        and housing industries;
Whereas AI is playing a significant role in the financial services and housing 
        industries and continues to be adopted in various forms;
Whereas regulatory agencies should expand knowledge of governance and regulatory 
        best practices with respect to AI;
Whereas the United States capital markets market participants are leveraging AI 
        to enhance research capabilities, market surveillance, and trading and 
        execution;
Whereas the United States housing market participants are using AI to enhance 
        underwriting, mortgage servicing, and tenant screening;
Whereas United States financial institutions are exploring the use of AI to 
        enhance customer service capabilities, expand the pool of loan 
        applicants, increase repayment rates, and decrease fraudulent payments;
Whereas United States financial firms are leveraging AI to streamline compliance 
        with the Bank Secrecy Act and sanctions laws as well as enhance 
        cybersecurity operations from evolving threats;
Whereas the use of generative AI is enhancing both employee productivity and 
        consumer experiences across the financial services and housing 
        industries;
Whereas regulators should understand any financial stability risks related to 
        financial institutions' growing use of AI, including whether such use 
        increases herding behavior;
Whereas AI can be exploited by malicious actors;
Whereas the use of AI in automated decision-making does not relieve financial 
        institutions from their obligations under anti-discrimination laws, and 
        may lead to explainability challenges due to the complexity and opacity 
        of certain AI models;
Whereas small community financial institutions, such as rural depository 
        institutions, minority depository institutions, and community 
        development financial institutions may lack the resources to develop, 
        train, and deploy AI models compared to larger institutions;
Whereas financial institutions' use of AI may increase their direct and indirect 
        reliance on third-party services; and
Whereas AI has the potential of unlocking valuable new use cases for financial 
        services and housing under risk-based guardrails: Now, therefore, be it
    Resolved, That it is the sense of the House of Representatives 
that--
            (1) given the critical role of the financial and housing 
        markets, the Committee on Financial Services of the House of 
        Representatives should play a leading role in making public 
        policy regarding the adoption of AI in the financial services 
        and housing industries;
            (2) the Committee on Financial Services should consider how 
        to promote a dynamic, pro-consumer, pro-investor, and pro-
        innovation culture for AI across the financial services and 
        housing industries;
            (3) the Committee on Financial Services must ensure 
        regulators apply and enforce existing laws, including anti-
        discrimination laws, and assess regulatory gaps and ineffective 
        regulations as market participants adopt AI;
            (4) the Committee on Financial Services should support 
        regulators assessing the impact on innovation and cost 
        effectiveness before issuing AI-related rules;
            (5) the Committee on Financial Services must ensure any 
        regulatory framework related to AI does not disproportionately 
        burden smaller firms;
            (6) the Committee on Financial Services should ensure the 
        financial regulators have the appropriate focus and tools to 
        oversee new products and services;
            (7) the Committee on Financial Services should continue to 
        evaluate State laws and consider reforms to privacy laws for 
        financial institutions and firms given the importance of 
        financial data to AI;
            (8) the Committee on Financial Services should continue to 
        consider how to strengthen cybersecurity standards for AI 
        systems;
            (9) the Committee on Financial Services should work with 
        financial regulators to understand AI's impact on the 
        workforce;
            (10) the Committee on Financial Services should ensure 
        United States global leadership on AI development and use; and
            (11) the Committee on Financial Services should safeguard 
        taxpayer interests as emerging technologies continue to evolve.
                                 <all>