House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement after the Trump Administration released their National AI Legislative Framework:
“I commend President Trump for releasing a thoughtful National Legislative Framework for AI that pairs innovation with targeted safeguards. As Congress moves forward, advancing regulatory sandboxes and a flexible, sectoral based approach will be critical to enabling responsible development. The Committee has long supported a pro-innovation, pro-consumer, pro-investor approach to AI, including through a bipartisan resolution earlier this year. The United States must maintain a ‘try-first’ mindset to preserve our leadership in the global AI race.”
Further Background:
On January 22, 2026, the full Committee advanced a bipartisan resolution 54-0 that acknowledges AI’s expanding role in the financial services and housing sectors. The resolution underscores the importance of appropriate oversight, enforcement of existing laws, and robust consumer protections, while affirming that the Committee should promote a pro-innovation approach to the use of AI.
On January 21, 2026, the Chairman Hill hosted an expo on the use of AI in the financial services and housing sectors.
On December 10, 2025, the Committee held a Full Committee hearing examining AI in financial services.
On September 18, 2025, the Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee held a hearing analyzing how financial services regulators and firms use AI.
In July 2025, Chairman Hill, Rep. Richie Torres (D-NY), Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence Chairman Bryan Steil (R-WI), and Rep. Josh Gottheimer (D-NJ), alongside Senator Mike Rounds (R-SD), Senator Andy Kim (D-NJ), Senator Thom Tillis (R-NC), and Senator Martin Heinrich (D-NM) introduced the bipartisan Unleashing AI Innovation in Financial Services Act.
In July 2025, the Trump Administration released Winning the AI Race: America’s AI Action Plan, which highlighted the importance of enabling AI adoption through regulatory sandboxes.
Rep. Hill served as a member of the House-wide bipartisan Task Force on Artificial Intelligence in the 118th Congress, which delivered a report on its findings in December 2024.
In the 118th Congress, then-Subcommittee Chairman French Hill and Rep. Torres introduced the Unleashing AI Innovation in Financial Services Act, along with Sen. Rounds and Sen. Heinrich on August 5, 2024.
During the 118th Congress, then-Subcommittee Chairman French Hill co-led a House Financial Services Committee bipartisan Working Group on Artificial Intelligence with then-Committee Chairman Patrick McHenry (R-NC), Ranking Member Maxine Waters (D-CA), and Subcommittee Ranking Member Stephen F. Lynch (D-MA). The bipartisan Working Group on AI released a bipartisan staff report on its findings in July 2024.
In the 116th Congress, Rep. Hill served as the Ranking Member of the Task Force on Financial Technology and Task Force on Artificial Intelligence, and in the 118th Congress, he served as the Subcommittee Chairman of the Subcommittee on Digital Assets, Financial Technology and Inclusion.
