- Stage
- In committee
- Started in
- Senate
- Sponsors
- 2
- Latest action
- Aug 6, 2026
What it does
The FAIRR Act would amend the Financial Stability Act of 2010 to require the Financial Stability Oversight Council to coordinate with member agencies on identifying and reporting risks posed by artificial intelligence in the financial sector, including threats like market manipulation via deepfakes and unauthorized AI agent transactions. It mandates a report within 180 days of enactment detailing AI-related vulnerabilities, regulatory gaps, and recommendations—including cybersecurity best practices—and requires scenario-based exercises to test defenses against AI-driven financial disruptions. The bill also enhances oversight of third-party AI service providers, expands the Federal Housing…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.