---
kind: "diff"
citation: "H. Res. 1007"
bill: "119-hres-1007"
heading: "Expressing the sense of the House of Representatives with respect to the use of artificial intelligence in the financial services and housing industries."
from: "ih"
from_label: "Introduced in House"
to: "rh"
to_label: "Reported in House"
sections_amended: 1
sections_added: 2
sections_removed: 0
url: "https://uscodex.org/bills/119/hres/1007/changes/rh"
---

# H. Res. 1007 — what changed

H. Res. 1007, Expressing the sense of the House of Representatives with respect to the use of artificial intelligence in the financial services and housing industries. — 1 section amended and 2 added between Introduced in House and Reported in House.

Edits are marked `<del>struck</del>` and `<ins>inserted</ins>`.

## (unnamed section)

- That it is the sense of the House of Representatives that—
- (1) [was (1)] given the critical role of the financial and housing markets, the Committee on Financial Services of the House of Representatives should play a leading role in making public policy regarding the adoption of AI in the financial services and housing industries;
- (2) [was (2)] the Committee on Financial Services should consider how to promote a dynamic, pro-consumer, pro-investor, and pro-innovation culture for AI across the financial services and housing industries;
- (3) [was (3)] the Committee on Financial Services must ensure regulators apply and enforce existing laws, including anti-discrimination laws, and assess regulatory gaps and ineffective regulations as market participants adopt AI;
- (4) [was (4)] the Committee on Financial Services should support regulators assessing the impact on innovation and cost effectiveness before issuing AI-related rules;
- (5) [was (5)] the Committee on Financial Services must ensure any regulatory framework related to AI does not disproportionately burden smaller firms;
- (6) [was (6)] the Committee on Financial Services should ensure the financial regulators have the appropriate focus and tools to oversee new products and services;
- (7) [was (7)] the Committee on Financial Services should continue to evaluate State laws and consider reforms to privacy laws for financial institutions and firms given the importance of financial data to AI;
- (8) [was (8)] the Committee on Financial Services should continue to consider how to strengthen cybersecurity standards for AI systems;
- (9) [was (9)] the Committee on Financial Services should work with financial regulators to understand AI’s impact on the workforce;
- (10) [was (10)] the Committee on Financial Services should ensure United States global leadership on AI development and use; and
- (11) [was (11)] the Committee on Financial Services should safeguard taxpayer interests as emerging technologies continue to evolve.

## (unnamed section) — added



## (unnamed section) — added

- (1) <ins>given the critical role of the financial and housing markets, the Committee on Financial Services of the House of Representatives should play a leading role in making public policy regarding the adoption of AI in the financial services and housing industries;</ins>
- (2) <ins>the Committee on Financial Services should consider how to promote a dynamic, pro-consumer, pro-investor, and pro-innovation culture for AI across the financial services and housing industries;</ins>
- (3) <ins>the Committee on Financial Services must ensure regulators apply and enforce existing laws, including anti-discrimination laws, and assess regulatory gaps and ineffective regulations as market participants adopt AI;</ins>
- (4) <ins>the Committee on Financial Services should support regulators assessing the impact on innovation and cost effectiveness before issuing AI-related rules;</ins>
- (5) <ins>the Committee on Financial Services must ensure any regulatory framework related to AI does not disproportionately burden smaller firms;</ins>
- (6) <ins>the Committee on Financial Services should ensure the financial regulators have the appropriate focus and tools to oversee new products and services;</ins>
- (7) <ins>the Committee on Financial Services should continue to evaluate State laws and consider reforms to privacy laws for financial institutions and firms given the importance of financial data to AI;</ins>
- (8) <ins>the Committee on Financial Services should continue to consider how to strengthen cybersecurity standards for AI systems;</ins>
- (9) <ins>the Committee on Financial Services should work with financial regulators to understand AI’s impact on the workforce;</ins>
- (10) <ins>the Committee on Financial Services should ensure United States global leadership on AI development and use; and</ins>
- (11) <ins>the Committee on Financial Services should safeguard taxpayer interests as emerging technologies continue to evolve.</ins>