S. 4951 establishes "regulatory sandboxes" for financial entities to experiment with artificial intelligence (AI) without facing enforcement actions. These sandboxes are intended to encourage innovation by allowing financial products or services to use AI under limited...
Simple Explanation
S. 4951 is a rule that lets people try out new ideas for using computers to make smart choices about money, by letting them play with these ideas in a special safe place without getting in trouble, as long as they promise not to cause big problems.