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General5d ago

New AI Regulation Framework Proposed

Roll Call, PYMNTS.com1 min brief

In brief

  • Reps Jay Obernolte and Lori Trahan proposed a new AI regulation framework.
  • The 269-page draft bill focuses on model safety and workforce impacts.
  • The bill would preempt state laws related to AI development for three years.
    • It includes measures to protect workers and ensure accountability for AI systems.
  • The bill also extends the Cybersecurity Information Sharing Act of 2015 through 2035.
  • The proposed framework aims to promote innovation and protect Americans from AI risks.
    • It will be open to feedback from stakeholders and the public before being formally introduced.
  • The lawmakers will now gather feedback to strengthen the legislation.

Terms in this brief

model safety
The practice of ensuring that AI systems operate as intended without causing unintended harm or negative consequences. This involves designing safeguards and testing procedures to identify and mitigate potential risks associated with AI deployment.
preempt state laws
To override or supersede existing or future state-level regulations on a particular subject, in this case, AI development. The proposed framework would invalidate conflicting state laws for three years, creating a unified national approach to AI regulation.

Read full story at Roll Call, PYMNTS.com

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