Sen. Rounds, Mike [R-SD]

S 2528

Senator Mike Rounds (R-SD) introduced this bill to make it easier for banks, investment firms, and insurers to experiment with AI tools. It would require federal financial regulators (like the SEC, FDIC, and CFPB) to create 'regulatory sandboxes' where financial firms can test AI applications with temporary waivers from certain rules.

Last action: Jul 29, 2025