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Mike Rounds: “I've introduced legislation with Senators Heinrich Kim and…”

Featuring: Mike Rounds, Republican | U.S. Senate South Dakota

Rounds Questions Paul Atkins at a Banking, Housing, and Urban Affairs Committee Hearing

Published February 12, 2026 | Video Starts at 04:40

The administration's 2025 AI Action Plan encourages the development of regulatory sandboxes at independent agencies, including the sec. This venue will allow SEC regulated entities, such as broker dealers, investment advisors, to test new AI tools under structured oversight. Now, I've introduced legislation with Senators Heinrich Kim and Tillis that would do just that, bipartisan legislation. Do you believe that our legislation would give the SEC the tools it needs to foster responsible AI innovation? And could it serve as a useful model as the SEC implements the AI Action Plan? (04:40–04:49)

CLAIM

Asserts that Mike Rounds introduced bipartisan legislation with Senators Heinrich Kim and Tillis regarding regulatory sandboxes.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Mike Rounds

“There were more than 7,000 companies listed on the U.S. stock Exchange back in the 1990s.”
Rounds Questions Paul Atkins at a Banking, Housing, and Urban Affairs Committee Hearing | Uploaded February 12, 2026 | 00:35-00:41
“By the time that you've returned as chairman earlier this year, that number had fallen by roughly 40%.”
Rounds Questions Paul Atkins at a Banking, Housing, and Urban Affairs Committee Hearing | Uploaded February 12, 2026 | 00:45-00:51
“Under the Biden administration, we saw securities regulation used to achieve some political and social objectives, often at the expense of…”
Rounds Questions Paul Atkins at a Banking, Housing, and Urban Affairs Committee Hearing | Uploaded February 12, 2026 | 04:05-04:15
“The administration's 2025 AI Action Plan encourages the development of regulatory sandboxes at independent agencies, including the SEC.”
Rounds Questions Paul Atkins at a Banking, Housing, and Urban Affairs Committee Hearing | Uploaded February 12, 2026 | 04:20-04:31