Policy Makers Examine the Disparate Impact Risk of Artificial Intelligence and Underwriting By Lexology Policy makers are showing increasing concern in the fair lending implications of artificial intelligence (AI) in credit underwriting. The concerns surrounding AI echo views on credit scoring and automated underwriting systems when they were first deployed decades ago. Congress and regulatory agencies are likely to press financial services providers to better understand the AI they use and to e...
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Arkansas teen artists win display space at Capitol Hill tunnel art gallery Arkansas Democrat Gazette 07/01/2019 WASHINGTON -- Four young Arkansans have claimed spots in a well-traveled Capitol Hill art gallery -- the tunnelway linking the House chambers to the House office buildings. Their creations, along with pieces by hundreds of other creative teenagers, will remain on display for the next year. U.S. Rep. French Hill, a Republican from Little Rock who represents the 2nd Congressional Distric...
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Marco Rubio: Tom Cotton’s Return to Work Act Will Save Social Security Disability Insurance From Bankruptcy Florida Daily 07/01/2019 U.S. Sen. Marco Rubio, R-Fla., is pairing up with U.S. Sen. Tom Cotton, R-Ark., on a bill they insist “would save Social Security Disability Insurance from bankruptcy.” Last week, Cotton introduced the “Return to Work Act” with Rubio as a cosponsor. “This bill would help Social Security Disability Insurance beneficiaries to return to work, if they are able to, whil...
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WASHINGTON, D.C. — This week, Congressman French Hill (AR-02) and U.S. Senator Tom Cotton introduced companion legislation, the “Social Security Disability Insurance (SSDI) Return to Work Act.” The bill will reform SSDI by modernizing the Social Security Administration’s (SSA) classification of disability beneficiaries and incentivizing returning to work for beneficiaries who have recovered. “For too long, the success of well-intentioned federal programs has been determined by the growth of thei...
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Hill leads new bipartisan AI task force on mission to foster innovation in financial sector By The Ripon Advance The simulation of human intelligence processes by computer systems is not without both benefits and challenges, said U.S. Rep. French Hill (R-AR), ranking member of the U.S. House Financial Services Committee Task Force on Artificial Intelligence (AI), during its first meeting on Wednesday. “Over the next few months, I look forward to working with my colleagues on both sides of the ai...
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WASHINGTON, D.C. —Today, Congressman French Hill (AR-02) released the following statement after the House passed the Senate’s bipartisan bill to provide humanitarian assistance to children and families on the southwest border: “Yesterday, 84 of the 100 U.S. Senators put aside partisan differences to pass a bill that will provide emergency assistance to children and families suffering on our southwest border–a bill that the president has said he will sign. This is what bipartisan leadership in th...
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US Lawmakers Question Terrorist Use of Facebook Cryptocurrency Coindesk 06/27/2019 Members of the U.S. House of Representatives questioned Financial Crime Enforcement Network (FinCEN) director Kenneth Blanco about Facebook’s planned cryptocurrency Thursday. Representatives Emanuel Cleaver, II (D-MO), Trey Hollingsworth (R-IN), Bill Foster (D-IL) and French Hill (R-AR) held a briefing with members of the House Financial Services Committee, discussing the Libra project with Blanco, who heads up Fi...
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WASHINGTON, D.C. — Ranking Member of the House Financial Services Committee Task Force on Artificial Intelligence (AI), Congressman French Hill (AR-02), helped lead the newly formed task force in its first hearing entitled, "Perspectives on Artificial Intelligence: Where We Are and the Next Frontier in Financial Services." Watch Congressman Hill’s opening remarks from the hearing HERE or by clicking on the image below. (Pictured below: Witnesses who participated in Wednesday's first Artificial I...
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Arkansas Delegation Announces FEMA Disaster Recovery Centers Disaster recovery centers are now open in Mayflower (Faulkner County), North Little Rock (Pulaski County) and Fort Smith (Sebastian County), to offer in-person support to individuals and businesses in counties included in the Arkansas federal disaster declaration for flooding on the Arkansas River in late May.Federal Emergency Management Agency (FEMA) Disaster Recovery Centers will open in Arkansas. The following locations will be abl...
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WASHINGTON, D.C. — Ranking Member of the House Financial Services Committee Task Force on Financial Technology (FinTech), Congressman French Hill (AR-02), helped lead the newly-formed task force in its first hearing entitled, "Overseeing the FinTech Revolution: Domestic and International Perspectives on FinTech Regulation". Watch Congressman Hill’s opening remarks from the hearing HERE or by clicking on the image below. (Pictured below: Witnesses who participated in Tuesday's first FinTech Task ...
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