Foster bill would bolster tech use to monitor AI financial risks

Roll Call · Mark Schoeff Jr. · 2026-11-06 06:13 UTC

Rep. Bill Foster, D-Ill., introduced legislation Thursday aimed at helping regulators use technology to better spot financial stress turbocharged by artificial intelligence and around-the-clock payment systems.

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A leading Democrat on the House Financial Services Committee introduced legislation Thursday aimed at helping regulators use technology to better spot financial stress turbocharged by artificial intelligence and around-the-clock payment systems.

The draft bill, from Rep. Bill Foster, D-Ill., would require the Federal Reserve to work with other regulators to develop, test and publicly release model software that would improve the ability to assess market conditions in real time and respond quickly to cybersecurity and other threats.

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