Pipeline · Bill → Law
Step 1
Introduced
Dec 18, 2023
Step 2
Referred
Dec 18, 2023
Banking, Housing, and Urban Affairs
Step 3
Committee
Jun 12, 2024
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill addresses the impact of artificial intelligence on financial markets. The bill requires the Financial Stability Oversight Council to coordinate with agencies regarding threats to the financial system posed by artificial intelligence, including the use of false representations of the likeness, speech, or actions of persons to manipulate or to cause disruptions to financial markets. The council must report on its findings and make policy recommendations to Congress. After congressional review, the council must implement these recommendations. The Securities and Exchange Commission is allowed to seek treble civil penalties for violations of federal securities exchange law that invol...
Timeline · 4 actions
Jun 12, 2024
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Feb 8, 2024
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Dec 18, 2023
Introduced in Senate
Dec 18, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.