Fraud, AI bills part of House Financial Services Committee markup today

May 13, 2026

Several bills on the House Financial Services Committee’s markup schedule for today would help credit unions fight fraud and innovate using artificial intelligence (AI). In comments submitted to the committee in advance, America’s Credit Unions wrote in support of those bills and also offered suggestions to improve another.

Supported bills include:

  • Artificial Intelligence Practices, Logistics, Actions, and Necessities (AI PLAN) Act (H.R. 2152), requiring government agencies to develop a strategy to defend against the economic and national security risks posed by artificial intelligence used to commit financial crimes. America’s Credit Unions encourages it to be expanded to include a role for NCUA and other functional financial regulators;  
  • Guarding Unprotected Aging Retirees from Deception (GUARD) Act (H.R. 2978), allowing state and local law enforcement to utilize funding from existing federal law grants to combat financial fraud; 
  • Unleashing AI Innovation in Financial Services Act (H.R. 4801), directing regulatory agencies, including the NCUA, to establish AI Innovation Labs to allow regulated entities to experiment with AI test projects without burdensome regulation or expectation of enforcement actions;
  • Bank Fraud Technology Advancement Act (H.R. 8671), requiring financial regulators and law enforcement to study and report to Congress on how technology can be better used to combat scams and fraud with a focus on challenges faced by smaller financial institutions.

The letter also notes support for the effort, but concern with potential costs stemming from the Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision (FUTURES) Act (H.R. 8278). The association is concerned the bill could result in “potential increase of regulatory costs being passed down to credit unions, particularly to smaller credit unions, and believe these concerns warrant further examination or safeguards added to the bill.”

The markup is scheduled to begin at 10 a.m. Eastern and will be streamed live on the committee’s website.

Read the full letter