Bill · H.Res. 1007· House(119-HRES-1007)
Expressing the sense of the House of Representatives with respect to the use of artificial intelligence in the financial services and housing industries.
- Introduced
- 1/16/2026
- Last activity
- 3/19/2026 — Placed on the House Calendar, Calendar No. 67.
- Sponsored by
- Bryan Steil
- Cosponsors
- - 1 - 2
- Introduced
- On Calendar
A House resolution is the House speaking for itself: stating a position, honouring someone, or setting its own rules. Adopting it is the whole process. Once the House agrees to it, it is officially the House's word; it is not a law, so the Senate and the President have no part in it.
What this bill would do
This resolution expresses the sense of the House of Representatives regarding the use of artificial intelligence in the financial services and housing industries. It notes that AI offers significant opportunities and risks to these critical markets. The text highlights how various participants are currently using AI to improve research, trading, underwriting, and customer service. It calls for regulatory agencies to expand their knowledge of AI governance and best practices. Additionally, it urges the Committee on Financial Services to take a leading role in shaping public policy for these technologies.
Yes· 3 of 14
Does this make it easier to run a small business?+5
The resolution urges regulators to ensure that new regulatory frameworks for AI do not disproportionately burden smaller firms.
Does this better protect the country from computer attacks?+5
The resolution calls for strengthening cybersecurity standards for AI systems and enhancing operations against evolving threats.
Would business owners be better off under this?+4
The resolution notes that AI can enhance employee productivity and operational efficiency for firms.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Enhanced Industry Capabilities: AI is being used by capital market participants to improve research, market surveillance, and trading. It is also used by housing market participants for underwriting, mortgage servicing, and tenant screening. (Whereas clauses)
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Improved Consumer Services: Financial institutions are using AI to enhance customer service capabilities and improve consumer experiences. (Whereas clauses)
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Increased Financial Access and Security: AI can be used to expand the pool of loan applicants, increase repayment rates, and decrease fraudulent payments. (Whereas clauses)
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Operational Efficiency: Financial firms are leveraging AI to streamline compliance with the Bank Secrecy Act and sanctions laws, while also enhancing cybersecurity against evolving threats. (Whereas clauses)
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Economic Growth and Innovation: The resolution suggests that AI has the potential to unlock valuable new use cases for financial services and housing. (Whereas clauses)
Potential Negative Impacts for People
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Legal and Fairness Risks: The use of AI in automated decision-making may lead to explainability challenges due to model complexity and does not relieve institutions of their obligations under anti-discrimination laws. (Whereas clauses)
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Financial Stability and Security Risks: There are concerns that AI could be exploited by malicious actors or create financial stability risks, such as increasing herding behavior. (Whereas clauses)
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Burden on Small Institutions: Small community financial institutions, such as minority or rural depository institutions, may lack the resources to develop and deploy AI models compared to larger firms. (Whereas clauses)
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Third-Party Dependency: The use of AI may increase the direct and indirect reliance of financial institutions on third-party services. (Whereas clauses)
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+4Good For Rural Residents+3Good For African Americans+2Good For Asian Americans+2Good For Hispanic Americans+2Good For Low Income Households+2Good For Native Americans+2Good For White Americans+2
- Economy And Finance
- Improves Small Business Support+5Improves Consumer Protection+4
- National Security And Foreign Policy
- Improves Cybersecurity Defense+5
- Education And Technology
- Improves Data Privacy+3
- Governance And Ideology
- Improves Privacy Rights+3
- Social Issues And Justice
- Improves Racial Equity+2
- 3/19/2026
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-559.
- Placed on the House Calendar, Calendar No. 67.
- 1/22/2026
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 54 - 0.
- 1/21/2026
- 2 Cosponsors added.
- 1/16/2026
- Submitted in House
- Referred to the House Committee on Financial Services.
- 1 Cosponsor added.
Troy DowningRepublican · Montana
Stephen LynchDemocrat · Massachusetts
Sam LiccardoDemocrat · California