On the recordFebruary 5, 2024
I am happy to see FSOC identify artificial intelligence as an area of concern for the financial system.
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congress.govI am happy to see FSOC identify artificial intelligence as an area of concern for the financial system.
Foster expresses approval of FSOC's focus on AI risks.
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Many of you have mentioned the fact that the U.S. is often a leader in these international discussions.
New technologies, like artificial intelligence and digital assets, give scammers many new tools, and, frankly, I worry that our regulators will be quickly outgunned.
As the ranking member pointed out, over 82 percent of Americans and 77 percent of Republicans support the mission of the CFPB.
If you find you need any specific encouragement from Congress, I think there will be bipartisan support for that.