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

This resolution conveys the sense of the House of Representatives concerning the evolving role of artificial intelligence (AI) within the financial services and housing sectors. It acknowledges that AI presents both significant opportunities, such as enhancing research, underwriting, customer service, and compliance, and potential risks, including financial stability concerns and exploitation by malicious actors. The resolution highlights the importance of regulatory agencies expanding their knowledge of AI governance and best practices, while also recognizing the challenges posed by automated decision-making and the potential for explainability issues. The resolution specifically tasks the House Committee on Financial Services with playing a leading role in shaping public policy for AI in these critical markets. The Committee is urged to foster a dynamic, pro-consumer, pro-investor, and pro-innovation culture, while ensuring regulators effectively apply and enforce existing laws, particularly anti-discrimination laws . Furthermore, it emphasizes the need to assess regulatory gaps, avoid disproportionately burdening smaller firms, strengthen cybersecurity standards for AI systems, and safeguard taxpayer interests as these technologies advance.