Unleashing AI Innovation in Financial Services Act
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Rep. Hill, J. French [R-AR-2]
ID: H001072
Bill's Journey to Becoming a Law
Track this bill's progress through the legislative process
Latest Action
Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 19.
May 12, 2026
Introduced
📍 Current Status
Next: The bill will be reviewed by relevant committees who will debate, amend, and vote on it.
Committee Review
Floor Action
Passed House
Senate Review
Passed Congress
Presidential Action
Became Law
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2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.
3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.
4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.
5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.
6. Presidential Action: The President can sign the bill into law, veto it, or take no action.
7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!
Bill Summary
[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4801 Introduced in House (IH)]
<DOC>
119th CONGRESS 1st Session H. R. 4801
To establish AI Innovation Labs that permit certain persons to experiment with artificial intelligence without expectation of enforcement actions.
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IN THE HOUSE OF ...
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💰 Campaign Finance Network
Rep. Hill, J. French [R-AR-2]
Congress 119 • 2024 Election Cycle
No PAC contributions found
No committee contributions found
Cosponsors & Their Campaign Finance
This bill has 3 cosponsors. Below are their top campaign contributors.
Rep. Torres, Ritchie [D-NY-15]
ID: T000486
Top Contributors
10
Rep. Steil, Bryan [R-WI-1]
ID: S001213
Top Contributors
10
Rep. Gottheimer, Josh [D-NJ-5]
ID: G000583
Top Contributors
10
Donor Network - Rep. Hill, J. French [R-AR-2]
Hub layout: Politicians in center, donors arranged by type in rings around them.
Showing 32 nodes and 30 connections
Total contributions: $195,688
Top Donors - Rep. Hill, J. French [R-AR-2]
Showing top 21 donors by contribution amount
Industry Impact
Which industries are materially affected by specific provisions in this bill. 5 helped.
- +Commercial Banks confidence 0.95
Section 3(a)(1) applies to 'regulated entities' defined in Section 2(8) as entities regulated by any financial regulatory agency, which includes commercial banks (regulated by Federal Reserve, FDIC, OCC). The bill permits them to test AI projects with reduced regulatory burden, providing a clear benefit.
- +Investment Banking & Securities confidence 0.95
Section 3(a)(1) applies to regulated entities, which include investment banks and broker-dealers regulated by the SEC (Section 2(7)(D)). The AI Innovation Labs allow them to experiment with AI in trading, underwriting, and advisory services without expectation of enforcement actions, a clear benefit.
- +Big Tech Platforms confidence 0.90
Section 3(a)(1) establishes AI Innovation Labs for regulated entities to experiment with AI test projects without unnecessary or unduly burdensome regulation or expectation of enforcement actions. This benefits big tech platforms that develop and deploy AI in financial services (e.g., AI-driven trading, fraud detection, customer service) by providing a regulatory sandbox.
- +AI & Cloud Infrastructure confidence 0.90
Section 3(a)(1) creates AI Innovation Labs allowing regulated entities to experiment with AI test projects. This directly benefits AI and cloud infrastructure providers (e.g., AWS, Azure, Google Cloud) that supply the AI/ML platforms and computing resources used in financial AI applications.
- +Crypto & Fintech confidence 0.80
Section 3(a)(1) allows regulated entities to experiment with AI test projects. Fintech companies (e.g., payment processors, blockchain firms) that are regulated by financial agencies (e.g., CFPB, state money transmitter licenses) could participate if they meet the definition of 'regulated entity' under Section 2(8). The bill's reduction of regulatory burden for AI experimentation benefits fintech firms integrating AI into financial services (e.g., AI for fraud detection in payments, AI-driven ro
Who funds the sponsor on these industries
For each industry this bill affects, here's what the sponsor (Rep. Hill, J. French [R-AR-2]) received from donors associated with that industry during the 2022–present cycles. Donations are not proof of intent — they are a record of who funds the people writing the law.
Industries this bill HELPS
- Crypto & Fintech$40,700from 14contributions
- ARMSTRONG, BRIAN$6,600
- TUSAR, GREGORY$6,600
- GREWAL, PAUL$3,300
- HAAS, A$3,300
- GUPTA, MANISH$3,300
- Commercial Banks$40,000from 22contributions
- SCHARF, CHARLES$8,300
- LEOPOLD, ROBIN$3,300
- DIMON, JAMIE$3,300
- HEITSENRETHER, TERESA$3,300
- HRANICKY, KYLE$2,900
- from 23contributions
- SCHWAB, CHARLES MR.$9,900
- KELLY, JOHN$3,300
- COHEN, SAMARA$3,300
- SACKETT, DEAN R. III$2,750
- DEPOALO, RONALD$2,500