S. 5358
Introduced in Senate · August 13, 2026August 6, 2026
Mr. Warner (for himself and Mr. Kennedy) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
A BILL
To amend the Financial Stability Act of 2010 to provide the Financial Stability Oversight Council with duties regarding artificial intelligence in the financial sector, and for other purposes.
Special provisions regarding artificial intelligence in the financial sector
Regulation of service providers by the Federal housing finance agency
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “Financial Artificial Intelligence Risk Reduction Act” or the “FAIRR Act”.