; and (4) identify, as appropriate, opportunities for the use of artificial intelligence technologies in financial regulation and supervision, specifying that any use of artificial intelligence by the agencies in regulation and supervision should be transparent and disclosed to their regulated entities as appropriate. (b) Congressional review Not later than 30 days after the date on which the relevant congressional committees receive the report required under subsection (a), the committees shall review the report and submit comments and recommendations thereon. (c) Implementation of council recommendations (1) In general Upon review of comments and recommendations under subsection (b), the Council shall commence action under the procedures prescribed in section 120 with regard to implementation of the recommendations by each of the member agencies. (d) Congressional review act The provisions of chapter 8 of title 5, United States Code, shall apply as appropriate to rules issued by the member agencies under this section. (e) Scenario-Based exercises The Federal and Banking Information Infrastructure Committee sponsored by the President’s Working Group on Financial Markets shall, in consultation with private-sector entities and other relevant governmental entities— (1) initiate a series of scenario-based exercises to test the effectiveness of defenses against financial market disruptions associated with the use or assistance of artificial intelligence technologies