The U.S. House Committee on Financial Services Task Force on Artificial Intelligence considered testimony on how emerging technologies such as artificial intelligence, machine learning and blockchain can contribute to building digital identity infrastructure.
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The House Financial Services Committee considered (i) testimony from federal banking regulators on a broad range of concerns and (ii) several proposed bills imposing additional requirements on financial institutions.
The House approved a bill designed to make bank service company examinations more efficient by improving coordination among regulators.
In light of what he called "dramatically expanded responsibilities," CFTC Chair Timothy G. Massad urged the Senate Committee on Appropriations to approve President Obama's fiscal year 2017 budget request for the CFTC.
SEC Chair Mary Jo White defended the SEC fiscal year 2017 budget request before the House Appropriations Subcommittee on Financial Services and General Government.