Treasury’s Scott Bessent says no liability exemptions for AI labs
The secretary told House Financial Services Committee lawmakers that the “best way to guarantee safety” is for AI creators to be held “liable for what they build…
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Josh Gottheimer
Fed chair says AI ‘hasn’t displaced workers’ so far, has boosted productivity
Kevin Warsh told the House Financial Services Committee that the technology is a “huge opportunity” for the American economy but the Fed is monitoring its impact closely.
House bill seeks AI workforce tax credits, agency-led outreach
The AI Workforce Training Act would amend the federal tax code and task the departments of Commerce, Labor and Treasury with leading a campaign to inform companies.
Treasury pushing for ‘robust’ use of AI in banking, but in a ‘gradual’ way
Secretary Scott Bessent said there’s still “a great amount of learning to do” on AI during a pair of Hill appearances this week about FSOC’s annual report…
Lawmakers eye liquid cooling tech to solve AI data center problems
A bipartisan, bicameral bill pushes for a GAO R&D assessment of the technology to help mitigate rising energy demands and costs associated with the building of data…
Lawmakers renew push for enforcement-free AI testing at financial agencies
Financial regulatory agencies would house AI innovation labs to test projects without “burdensome regulation or expectation of enforcement actions” under the bipartisan, bicameral bill.
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House bill would ban DeepSeek on agency workers’ devices
The bipartisan legislation comes amid panic in Silicon Valley over the Chinese AI startup’s high-performing models.