WASHINGTON–Sens. Richard Blumenthal (D-CT) and Josh Hawley (R-MO) said they plan to put forth a bipartisan plan to provide a sweeping framework to regulate artificial intelligence.
The announcement comes as Congress has held hearings on AI and is scrambling to catch up with developments so rapid even the industry itself has called for oversight.
Blumenthal and Hawley, who serve on the Senate judiciary’s subcommittee for privacy, technology and law, said their framework will include requirements for the licensing and auditing of AI, the creation of an independent federal office to oversee the technology, liability for companies for privacy and civil rights violations, and requirements for data transparency and safety standards, according to the New York Times.
The lawmakers plan to highlight their proposals in an AI hearing to be held Tuesday that will feature Brad Smith, Microsoft’s president, and William Dally, the chief scientist for the AI chip maker Nvidia.
Other Meetings Being Held
Meanwhile, on Wednesday, top tech executives including Elon Musk, Microsoft’s Satya Nadella and OpenAI’s Sam Altman will meet with Senate leader Chuck Schumer (D-NY) and other lawmakers in a separate closed-door meeting on A.I. regulations, according to the Times.
Blumenthal said in an interview that lawmakers do not want to repeat the mistakes they made in failing to agree on privacy, safety and security laws for social media companies.
“We are really moving very forcefully and promptly toward legislation,” Blumenthal told the Times. “Our goal is not only to educate and inform the public but to reach very specific and definite results.”
CUToday.info Series
The announcement comes at the same time CUToday.info has been publishing a series on what AI means to credit unions. Earlier reporting in the series on AI includes:
- The Little Things That Add Up
- The Important Step CUs Need to Take
- Two Letters, Countless Questions, Endless Scenarios
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