H.R. 4801 · 119th Congress · pending

Unleashing AI Innovation in Financial Services Act

Placed on the Union Calendar, Calendar No. 619.

Latest official action 2026-06-24 · Unknown

The bill, briefly

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.

Official bill, text and votes Full source record and risk review

Congressional Research Service · 2026-06-24

Who reported lobbying on this bill?

Amount spent specifically on this bill: not disclosed

The reports below name this bill and disclose an organization’s overall lobbying expenses or a firm’s client income for the period. They can cover many bills and issues. These amounts are not payments to the bill or its politicians.

No matching lobbying report is imported yet. This is not evidence that no lobbying occurred.

2,409 latest lobbying reports imported. Some source imports are still in progress.

Politicians behind the bill

Sponsors and cosponsors from the official source, limited to members currently in office. Campaign amounts are cycle-wide and are not payments for this bill.

Sponsor

J. French Hill

House · AR District 2 · Republican

$1,544,183PAC receipts · 2025–2026

Cosponsor

Ritchie Torres

House · NY District 15 · Democratic

$712,044PAC receipts · 2025–2026

Cosponsor

Bryan Steil

House · WI District 1 · Republican

$1,704,694PAC receipts · 2025–2026

Cosponsor

Josh Gottheimer

House · NJ District 5 · Democratic

$1,064,524PAC receipts · 2025–2026

3 of 3 source cosponsor records retrieved; only current officials and unwithdrawn sponsorships appear.

PAC donors to the listed sponsors

These are all-cycle contributions to the listed sponsors’ and cosponsors’ campaigns. FEC does not attribute them to this bill. A donation plus sponsorship does not establish why a politician acted.

AMERICAN ISRAEL PUBLIC AFFAIRS COMMITTEE POLITICAL ACTION COMMITTEE$90,706

J. French Hill · Sponsor · $4,994

Ritchie Torres · Cosponsor · $9,994

Bryan Steil · Cosponsor · $4,994

Josh Gottheimer · Cosponsor · $70,724

The bill, briefly

Who reported lobbying on this bill?

Politicians behind the bill

J. French Hill

Ritchie Torres

Bryan Steil

Josh Gottheimer

PAC donors to the listed sponsors

What happened after enactment?