[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 1007 Reported in House (RH)]
<DOC>
House Calendar No. 67
119th CONGRESS
2d Session
H. RES. 1007
[Report No. 119-559]
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
March 19, 2026
Additional sponsors: Mr. Liccardo and Mr. Downing
March 19, 2026
Reported with amendments, referred to the House Calendar, and ordered
to be printed
[Strike the preamble and insert the part printed in italic]
[Strike out all after the resolving clause and insert the part printed
in italic]
_______________________________________________________________________
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
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--
<DELETED> (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;</DELETED>
<DELETED> (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;</DELETED>
<DELETED> (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;</DELETED>
<DELETED> (4) the Committee on Financial Services should
support regulators assessing the impact on innovation and cost
effectiveness before issuing AI-related rules;</DELETED>
<DELETED> (5) the Committee on Financial Services must
ensure any regulatory framework related to AI does not
disproportionately burden smaller firms;</DELETED>
<DELETED> (6) the Committee on Financial Services should
ensure the financial regulators have the appropriate focus and
tools to oversee new products and services;</DELETED>
<DELETED> (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;</DELETED>
<DELETED> (8) the Committee on Financial Services should
continue to consider how to strengthen cybersecurity standards
for AI systems;</DELETED>
<DELETED> (9) the Committee on Financial Services should
work with financial regulators to understand AI's impact on the
workforce;</DELETED>
<DELETED> (10) the Committee on Financial Services should
ensure United States global leadership on AI development and
use; and</DELETED>
<DELETED> (11) the Committee on Financial Services should
safeguard taxpayer interests as emerging technologies continue
to evolve.</DELETED>
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.
House Calendar No. 67
119th CONGRESS
2d Session
H. RES. 1007
[Report No. 119-559]
_______________________________________________________________________
RESOLUTION
Expressing the sense of the House of Representatives with respect to
the use of artificial intelligence in the financial services and
housing industries.
_______________________________________________________________________
March 19, 2026
Reported with amendments, referred to the House Calendar, and ordered
to be printed