House Financial Services Committee ranking member Rep. Maxine Waters, D-Calif., speaks with Rep. Patrick McHenry, R-N.C., before a hearing in the Rayburn House Office Building on Capitol Hill on March 6, 2024 in Washington, D.C. (Photo by Chip Somodevilla/Getty Images)
House Financial Services Committee Chairman Patrick McHenry, R-N.C., holds a hearing on AI in the financial and housing sectors on July 23, 2024, in Washington, D.C. (Screenshot from livestream of hearing).
The House Financial Services Committee's leadership is pushing legislation to standardize data at eight agencies, paving the way for RegTech and AI apps.