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Ranking Member Waters Requests GAO Study on the Impact of AI and Other Technologies on Access to Fair and Affordable Housing (STATEMENT)

Statement

Date: Aug. 22, 2023
Location: Washington, DC
Issues: Housing and Property Business, Consumers, and Employees

"Many point to technological developments as a source of innovation and efficiency in the housing market. However, there is nothing innovative about technologies that generate corporate profits while neither improving consumer affordability nor increasing access to housing for all. In light of these mounting concerns, and the lack of transparency among many of these companies, I ask that GAO analyze the effect these entities may have on consumers and the U.S. housing market and report to Congress. I also request that in its reporting, GAO provide policy recommendations, as appropriate, for relevant Federal agencies and Congress to consider in addressing these effects, as well as any gaps in federal data, oversight, and regulation."


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