Washington, DC – Today, House Financial Services Committee Chairman Patrick McHenry (NC-10) and Ranking Member Maxine Waters (CA-43) announced that U.S. Representative Young Kim (CA-40) will serve on the Committee’s new bipartisan Working Group on Artificial Intelligence (AI).
Led by Digital Asset, Financial Technology and Inclusion Subcommittee Chairman French Hill (AR-02) and Subcommittee Ranking Member Stephen F. Lynch (MA-08), the bipartisan AI Working Group will explore:
- how AI is impacting the financial services and housing industries;
- how existing regulation addresses the use of AI; and,
- how lawmakers can ensure that any new regulations consider both the potential benefits and risks associated with AI.
“Developments in artificial intelligence have already proven to present both opportunities and risks,” said Rep. Young Kim. “I look forward to productive discussions on this bipartisan AI Working Group that will lead to substantive policies that promote innovation, protect consumers, facilitate access to capital for all communities, and ensure American values – not the Chinese Communist Party’s – lead the way in emerging technologies. I thank Chairman McHenry and Ranking Member Waters for the opportunity to add my perspective to this important group.”
Learn more about the AI Working Group HERE.
