US introduces bill demanding reports on AI in finance, housing

Quick Summary:

After overseeing the digital asset space, Maxine Waters and Patrick McHenry recently introduced a bill that seeks to understand AI's role, benefits, and risks in financial services and real estate.

The post US introduces bill demanding reports on AI in finance, housing appeared first on CoinGeek.

It would direct federal financial regulators to study the present and potential benefits and risks of AI in the two sectors.

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Article Details

Author / Journalist: James Field

Category: Crypto

Markets: CanadaUnited States

Topics: Artificial Intelligence Patrick McHenry Real Estate Maxine Waters Analysis and Improvement Act of 2024 Regulation AI AI Act of 2024 Finance Fintech Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-05 @ 16:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 781 words

Reading Time: 5 minutes read

Sentences: 20 lines

Sentence Length: 40 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 24265414

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