A bill to amend the Financial Stability Act of 2010 to provide the Financial Stability Oversight Council with duties regarding artificial intelligence in the financial sector, and for other purposes.
Latest action (6 Aug 2026): Introduced
What this bill does
S. 5358 would amend the Financial Stability Act of 2010 to give the Financial Stability Oversight Council new duties related to artificial intelligence in the financial sector. Because the bill's full text has not yet been published, the specific provisions, requirements, or mechanisms it would establish are not known at this time.
The bill would primarily affect the Financial Stability Oversight Council, an interagency body that monitors risks to the U.S. financial system, by expanding its responsibilities to cover AI-related matters. Beyond this, it is not yet possible to say which other agencies, financial institutions, or market participants would be affected, or how, since those details depend on text that has not been released.
The bill was introduced in the Senate on August 6, 2026, by Senator Mark Warner (D-VA). Its current status is "Introduced," which is the first stage of the legislative process. Next steps would typically include committee review, where the bill could be amended, followed by potential committee votes before any further action by the full Senate. No timeline for these next steps is currently available.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill is in the first stage of the legislative process. It was introduced into Congress on August 6, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
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