In separate hearings, the Senate Banking Committee and the House Financial Services Committee heard testimony from CEOs of the largest U.S. banks on a broad range of public policy and compliance matters.
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The U.S. House Judiciary Committee's Antitrust Subcommittee released a bipartisan legislative agenda to address "anti-competitive conduct that has seriously impacted consumers and small businesses" in the digital marketplace.
Senator John Kennedy (R-LA) introduced the "Protecting Investors' Personally Identifiable Information Act." The legislation would exclude personally identifiable information from Consolidated Audit Trail reporting requirements.
The House Financial Services Committee considered testimony on measures to reduce bias in artificial intelligence algorithms used by financial institutions and regulators.
On December 6, 2019, experts testified before the House Financial Services Committee on the impact of artificial intelligence on investing, the financial services workforce, and compliance and risk management.