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H.R. 4801 119th Congress House

Unleashing AI Innovation in Financial Services Act

Official title: To establish AI Innovation Labs that permit certain persons to experiment with artificial intelligence without expectation of enforcement actions.

Introduced: July 29, 2025 Introduced by: J. French Hill Republican · Arkansas See on congress.gov
Finance and Financial Sector Advanced technology and technological innovationsAdvisory bodiesBanking and financial institutions regulationComputers and information technology
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 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 24, 2026
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-713.
Jun 24, 2026
Placed on the Union Calendar, Calendar No. 619.
May 13, 2026
Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 19.
May 13, 2026
Committee Consideration and Mark-up Session Held
Jul 29, 2025
Introduced in House
Jul 29, 2025
Referred to the House Committee on Financial Services.
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What's happening now June 24, 2026

Placed on the Union Calendar, Calendar No. 619.

 Plain-English summary Congressional Research Service

Unleashing AI Innovation in Financial Services Act

This bill allows regulated financial entities to test artificial intelligence (AI) projects under waived or modified regulations upon the approval of an application by the appropriate federal financial regulatory agency. These agencies must establish AI innovation labs to enable such projects.

Under the bill, regulated entities may engage in AI test projects associated with financial products, services, or activities. Regulated entities must apply to the appropriate agency with a description and proposed duration of the AI test project, propose an alternative compliance strategy, and explain how the AI test project serves the public interest and does not present certain risks. 

The alternative compliance strategy must include several elements, such as (1) identifying a regulation issued by an agency that the regulated entity requests to be waived or modified and (2) proposing an alternative method of compliance with the regulation's underlying statute. Upon approval, the agency may only enforce such a regulation according to the agreement. 

The bill also provides for agency review of such applications, establishes procedures for entities that are subject to regulation by multiple agencies, and allows agencies to file for injunctive relief if an AI test project presents certain risks or dangers. 

 Hearings & markups 3
 Related & companion bills 1
  • S 2528 Identical bill Unleashing AI Innovation in Financial Services Act
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 29

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

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 Cosponsors 3
All 3 Democratic 2 Republican 1
D
Gottheimer, Josh
New Jersey · Jul 29, 2025
 R
Steil, Bryan
Wisconsin · Jul 29, 2025
 D
Torres, Ritchie
New York · Jul 29, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4801: Unleashing AI Innovation in Financial Services Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-4801/
MLA
"H.R. 4801: Unleashing AI Innovation in Financial Services Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-4801/.
Bluebook (legal)
H.R. 4801, 119th Cong. (2026), https://openamerica.io/bill/119-HR-4801/.
Markdown link
[H.R. 4801: Unleashing AI Innovation in Financial Services Act](https://openamerica.io/bill/119-HR-4801/)
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