Rep. Hill, J. French [R-AR-2]

HR 4801

Rep. French Hill's bill directs federal financial regulators (SEC, CFTC, FDIC, OCC, Federal Reserve, NCUA, CFPB) to create 'AI innovation labs' where banks, broker-dealers, and fintech companies can test AI tools with regulatory feedback before full deployment. It aims to give financial firms a sanctioned sandbox to experiment with AI for fraud detection, underwriting, trading, and customer service without fear of immediate enforcement action.

Last action: May 13, 2026