Expressing the sense of the House of Representatives with respect to the use of artificial intelligence in the financial services and housing industries

Progress

Timeline

• Mar 19Placed on the House Calendar, Calendar No. 67.

Summary

**House Resolution 1007 Summary** This resolution expresses the House's opinion on how artificial intelligence (AI) should be used in banking, lending, insurance, and housing sectors. **What it does:** The resolution likely outlines principles or recommendations for AI use in financial services, potentially addressing issues like fairness, transparency, and consumer protection. However, as a resolution expressing "sense of the House," it doesn't create binding laws or regulations. **Who it affects:** - Financial institutions (banks, credit unions, lenders) - Insurance companies - Housing industry professionals - Consumers seeking loans, insurance, or housing - AI technology companies serving these sectors **What would change:** Nothing immediately changes since this is a non-binding resolution. It signals Congress's views on AI in finance and housing, which could influence future legislation or encourage industry self-regulation. It may also guide federal agencies in developing AI oversight policies. The resolution serves as a formal statement of congressional priorities rather than enforceable policy.

How This Affects You