Sponsors (2)
The bill increases regulators' visibility and policymaking ability to spot and mitigate systemic AI‑related financial risks, at the cost of new compliance burdens, confidentiality risks from unredacted reporting, and potential enforcement-driven legal friction.
Financial regulators (FSOC and member agencies) gain actionable, systemwide visibility into AI-linked debt and equity exposures, enabling targeted risk monitoring and policy recommendations to reduce the chance of market disruptions.
Financial institutions and markets will be assessed more consistently because aggregated exposure data lets FSOC and other agencies identify concentrations and emerging vulnerabilities related to AI financing.
Congressary oversight will be strengthened by timely, unredacted reporting to Congress within a set timeframe, improving legislative and oversight ability to respond to AI-related financial risks.
Companies required to compile and submit detailed AI-exposure data (including mid-sized banks and similar reporters) will face new compliance costs and administrative burdens to meet 180-day reporting timelines.
Providing unredacted exposure data to Congress risks disclosure of commercially sensitive information and confidential counterparty details, raising confidentiality and privacy concerns for firms and tech workers.
Compelled reporting backed by enforcement authority could provoke legal challenges, penalties, and strained relations with noncompliant firms, creating litigation risk and regulatory friction.
Based on analysis of 2 sections of legislative text.
Requires OFR to collect and report financial firms' exposures to AI-related debt and equity and directs FSOC to analyze transmission and risks.
Official title: Require the Office of Financial Research to compel data relating to the financing of artificial intelligence development, provide that data to Congress, and issue recommendations to financial regulatory agencies and Congress to mitigate financial stability risk, and for other purposes.
Introduced June 10, 2026 by Elizabeth Warren · Last progress June 10, 2026
Requires the Treasury’s Office of Financial Research (OFR) to gather data from financial firms on their debt and equity exposures tied to the defined artificial intelligence sector, with exemptions for smaller banks and low-exposure firms. The Financial Stability Oversight Council (FSOC) chair must publish a report within a year analyzing the size and transmission channels of AI-related financial exposures and may issue policy recommendations; OFR must also deliver the unredacted data to congressional committee leaders within one year.