The House Financial Services Committee has scheduled a hearing entitled “AI Innovation Explored: Insights into AI Applications in Financial Services and Housing.” The hearing, which is for the full committee, will take place on Tuesday, July 23rd.
The Hearing may reflect the recent position paper released by the Donald Trump campaign, which is more supportive of the emerging technology. The GOP platform states:
Artificial Intelligence (AI)
We will repeal Joe Biden’s dangerous Executive Order that hinders AI Innovation, and imposes Radical Leftwing ideas on the development of this technology. In its place, Republicans support AI Development rooted in Free Speech and Human Flourishing.
AI is already in use at many financial services firms. While the witnesses scheduled to testify are not yet available, this hearing should be of interest to Fintechs and traditional financial services firms.
The Hearing will be live-streamed on the committee website on July 23 at 10 AM ET.
