Senators propose holding AI firms liable when their agents hack banks
U.S. Senators Josh Hawley and Chris Murphy announced the bipartisan AI Agent Accountability Act on October 1, saying AI agents are hacking into public websites, networks and servers in ways that could hit hospitals, utilities, banks and other critical infrastructure. The bill would hold AI agent operators and developers criminally and civilly liable under the Computer Fraud and Abuse Act, and Hawley said Big Tech companies "better be on the hook for any damage that is caused."
NoteBanks are named in the bill's own text as potential targets, and agentic commerce depends on banks trusting the agents that move money for customers. A liability regime reaching model developers would change how banks pick AI vendors and insure against an agent's mistakes.
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