As amended on 1/15/2026: - Requires any bank that uses automated lending decision tools to conduct an annual impact assessment. - Requires an assessment that reveals algorithmic bias or discrimination to be reported within 30 days. - Requires notice to applicants of the use of such tools in advance, of data used and retention policies, and a reason for denial with an opportunity to correct data and appeal a decision. - The 1/15/2026 amendment requires covered entities to work with an independent third party to conduct the required impact assessment.
| Date | Chamber | Action |
|---|---|---|
Apr 30, 2026 | — | advanced to third reading cal.393 |
Apr 28, 2026 | A | Hearing Scheduled - Codes |
Apr 28, 2026 | — | reported |
Jan 15, 2026 | — | print number 773c |
Jan 15, 2026 | — | amend and recommit to codes |
Jan 7, 2026 | — | referred to codes |
Jun 5, 2025 | — | reported referred to rules |
Jun 5, 2025 | A | Hearing Scheduled - Codes |
| Last Action | Apr 30, 2026 |
|---|---|
| Year | 2025 |
| Bill Type | Bill |
| Created | Mar 21, 2026 |
| Updated | May 1, 2026 |