H.R. 1734 aims to create a Task Force on Artificial Intelligence in the Financial Services Sector to address issues related to AI in such industries. The bill acknowledges both the benefits and risks AI brings, highlighting concerns like identity theft and fraud facilitated...
Simple Explanation
H.R. 1734 wants to make a group of people to learn about how robots and smart computers (AI) are used in places like banks and how they could help or cause problems, then tell the government what they find out. This group will stop meeting a little while after they finish their report, but there's no money plan for their work yet.