H.R. 9309, titled the "Unleashing AI Innovation in Financial Services Act," aims to allow financial entities to experiment with artificial intelligence projects without fearing enforcement actions. It establishes "regulatory sandboxes" where regulated entities can test AI-driven financial...
Simple Explanation
H.R. 9309 is like a safe playground where banks and money companies can try new ways to help people with cool computer ideas without getting in trouble, as long as they play safely and tell others how it goes.