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S 5358·Federal·senate

FAIRR Act

In CommitteeFiled Aug 6, 2026
Sponsor: Sen. Warner, Mark R. [D-VA] (D)
Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Aug 6, 2026

Summary

The bill would modify the 2010 Financial Stability Act so the Financial Stability Oversight Council must address artificial‑intelligence related issues in banking and other financial services. It would affect financial institutions that use AI tools and the Council that oversees systemic risk. The change is intended to help regulators keep pace with new technology‑driven risks.

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