AI Act of 2024: Lawmakers Tackle Tech in Finance and Housing

Congresswoman Maxine Waters and Patrick McHenry spearhead the AI Act of 2024, targeting artificial intelligence's impact on the finance and housing sectors. This bipartisan bill kicks off federal investigations into AI's use in mortgage lending and fraud prevention, aiming to balance innovation with safety. As AI continues to reshape these industries, the legislation sets the stage for a robust regulatory framework. With deadlines approaching, lawmakers are humorously juggling tech trends and consumer protections.