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Tracking AI legislation in the United StatesUpdated Monday, Oct 26, 2026 · refreshed weekly
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U.S. Congress · SB5358 · 2025 session

FAIRR Act Financial Artificial Intelligence Risk Reduction Act

IntroducedRead twice and referred to the Committee on Banking, Housing, and Urban Affairs · Aug 6, 2026

In plain language

The FAIRR Act would amend the Financial Stability Act of 2010 to give the Financial Stability Oversight Council explicit duties for monitoring artificial intelligence risk in the financial sector. It expands federal oversight of how financial institutions develop and deploy AI.

Summary generated by AI from the official bill text — may contain errors. Read the official text ↗ (opens in new tab)

Legislative history

1 action · newest first
  1. Aug 6, 2026SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.