Leading into the AI Revolution
AI agents are starting to move money on behalf of consumers and businesses, but U.S. banking law still assumes a human approves every transaction. In this paper, Lead proposes a federal framework for agentic finance, built around a new "Authorized Financial Agent" category. It covers identity, authorization, liability and supervision, and lays out a phased roadmap from supervisory guidance to new legislation. It also includes a model "Know Your Agent" program showing how a bank can oversee AI agents across their lifecycle.
