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flag Congress introduces bipartisan bills to study AI's impact on banking and housing sectors.

flag Representatives McHenry and Waters have introduced bipartisan bills that will commission federal agencies to study the use of AI in banking and housing sectors. flag The studies will focus on how AI affects property valuations, loan underwriting, and data privacy, among other areas. flag The bills aim to address potential risks like algorithmic price fixing while also recognizing AI's benefits. flag The House Financial Services Committee will hold a hearing on Wednesday to discuss innovation in financial services.

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