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FSOC says it is prioritizing responsible AI use and working with partners to monitor related risks

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FSOC collaborates with public- and private-sector partners and international counterparts on initiatives to promote responsible AI use in finance, enhance system resilience, and monitor emerging AI-related risks.

Source summary
Treasury Secretary Scott Bessent testified before the Senate Banking Committee on the Financial Stability Oversight Council’s (FSOC) 2025 annual report, saying the council will prioritize economic growth and economic security. He criticized what he called "regulation by reflex," linked that approach to recent bank failures, and outlined four FSOC priorities: strengthening U.S. Treasury market resilience, improving cybersecurity, modernizing bank and credit-union supervision (especially for community banks), and promoting responsible use of artificial intelligence.
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Latest fact check

The Treasury/FSOC statement claims the Council prioritizes responsible use of artificial intelligence to strengthen financial stability and is collaborating with public- and private-sector partners, including international counterparts, to enhance system resilience and monitor emerging risks. This is supported by the FSOC/UST press release SB0388, which quotes the Council on AI as a core priority and partnerships, and by the FSOC 2025 Annual Report, which discusses AI-related oversight and collaboration with various partners. Overall, credible primary sources confirm the claim.

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  1. Update · Feb 05, 2026, 11:56 PMTrue
    The Treasury/FSOC statement claims the Council prioritizes responsible use of artificial intelligence to strengthen financial stability and is collaborating with public- and private-sector partners, including international counterparts, to enhance system resilience and monitor emerging risks. This is supported by the FSOC/UST press release SB0388, which quotes the Council on AI as a core priority and partnerships, and by the FSOC 2025 Annual Report, which discusses AI-related oversight and collaboration with various partners. Overall, credible primary sources confirm the claim.
  2. Original article · Feb 05, 2026
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