Search Results: keywords:"regulatory waivers"

  • S. 3675 — To amend the Higher Education Act of 1965 to create an innovation zone initiative, and for other purposes.
    Status:Introduced in Senate
    Words:2,638

    S. 3675 aims to amend the Higher Education Act of 1965 by establishing the "Innovation Zone Act." This bill proposes a framework for an innovation zone initiative, where voluntary experiments can be conducted by the Secretary of Education and higher education institutions to...

    Simple Explanation

    S. 3675 wants to try new ideas in schools to help students do better, like finishing school and finding good jobs. It gives schools and the Education boss ways to test these ideas, making sure students are safe while trying new things.

  • H. R. 7440 — To promote innovation in financial services, and for other purposes.
    Status:Introduced in House
    Words:3,710

    H.R. 7440, titled the “Financial Services Innovation Act of 2024,” seeks to boost innovation in financial services by allowing companies to request modifications or waivers of certain regulations if it helps introduce new technologies. The bill mandates the creation of...

    Simple Explanation

    H.R. 7440 is a plan to help new ideas in money services by letting companies ask for special rules to try out new technology, and it creates special groups to make sure everything stays fair and safe for people.

  • S. 4951 — To provide for regulatory sandboxes that permit certain persons to experiment with artificial intelligence without expectation of enforcement actions.
    Status:Introduced in Senate
    Words:3,137

    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.