Expressing the sense of the House of Representatives with respect to the use of artificial intelligence in the financial services and housing industries.
The source supplies the latest action, but no lifecycle stage.
Latest action (19 Mar 2026): Placed on the House Calendar, Calendar No. 67.
What this bill does
H.Res. 1007 is a nonbinding resolution stating the House of Representatives' position on artificial intelligence in the financial services and housing sectors. It does not create new law or regulations. Instead, it declares that the House Committee on Financial Services should take a leading role in shaping AI-related policy in these industries, including promoting innovation while protecting consumers and investors, ensuring existing laws such as anti-discrimination statutes are enforced, avoiding regulatory burdens that disproportionately affect smaller firms, reviewing state privacy laws, strengthening cybersecurity standards, studying AI's effects on the workforce, and safeguarding taxpayer interests as the technology develops.
The resolution's language reflects concerns and interests relevant to banks, mortgage lenders, capital markets participants, housing-market actors (such as those involved in underwriting, servicing, and tenant screening), consumers, and financial regulators. It does not impose direct requirements on these groups but signals congressional attitudes that could influence future legislation or regulatory oversight, particularly regarding fairness, cybersecurity, and the impact of AI on smaller and community-based financial institutions.
The measure was introduced by Rep. Bryan Steil (R-WI) with bipartisan co-sponsors, referred to the House Committee on Financial Services, and reported out with amendments on March 19, 2026, following a committee vote of 54-0. It has been placed on the House Calendar for potential consideration by the full House. As a simple resolution, if passed it would express the House's position but would not have the force of law and would not require Senate action or presidential signature.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This resolution supports the House Committee on Financial Services playing a leading role in making public policy regarding the adoption of artificial intelligence in the financial services and housing industries.
Timeline
19 Mar 2026
Placed on the House Calendar, Calendar No. 67.
Common questions
- What does H.Res. 1007 do?
- H.Res. 1007 is a nonbinding resolution stating the House of Representatives' position on artificial intelligence in the financial services and housing sectors. It does not create new law or regulations. Instead, it declares that the House Committee on Financial Services should take a leading role in shaping AI-related policy in these industries, including promoting innovation while protecting consumers and investors, ensuring existing laws such as anti-discrimination statutes are enforced, avoiding regulatory burdens that disproportionately affect smaller firms, reviewing state privacy laws, strengthening cybersecurity standards, studying AI's effects on the workforce, and safeguarding taxpayer interests as the technology develops. The resolution's language reflects concerns and interests relevant to banks, mortgage lenders, capital markets participants, housing-market actors (such as those involved in underwriting, servicing, and tenant screening), consumers, and financial regulators. It does not impose direct requirements on these groups but signals congressional attitudes that could influence future legislation or regulatory oversight, particularly regarding fairness, cybersecurity, and the impact of AI on smaller and community-based financial institutions. The measure was introduced by Rep. Bryan Steil (R-WI) with bipartisan co-sponsors, referred to the House Committee on Financial Services, and reported out with amendments on March 19, 2026, following a committee vote of 54-0. It has been placed on the House Calendar for potential consideration by the full House. As a simple resolution, if passed it would express the House's position but would not have the force of law and would not require Senate action or presidential signature.
- Has H.Res. 1007 become law?
- The source does not supply a confirmed lifecycle stage for H.Res. 1007. Check the latest action and official source below.
- Who sponsored H.Res. 1007?
- H.Res. 1007 was sponsored by Rep. Steil, Bryan [R-WI-1] (R-WI), with 3 cosponsors.
- What's the latest action on H.Res. 1007?
- Placed on the House Calendar, Calendar No. 67. (19 Mar 2026).
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