SB5358U.S. Congress2025 sessionIntroduced
FAIRR Act Financial Artificial Intelligence Risk Reduction Act
Plain-language summary
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.
History
Aug 6, 2026
SRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
IntroducedAug 6, 2026
Engrossed
Enrolled
Passed
Signed into law
Sponsors
MW
Sen. Mark Warner (D)Prime sponsor
JK
Sen. John Kennedy (R)
Sources
Always verify against the official source. Summaries are AI-generated and may contain errors.