A draft artificial intelligence regulatory bill, known as the Great American AI Act, has been introduced by Representatives Jay Obernolte (R-CA) and Lori Trahan (D-MA). The bill aims to establish federal regulations for AI companies, addressing issues such as cybersecurity, workforce development, education, research, and international cooperation. It includes a three-year ban on states implementing their own AI regulations, which has drawn criticism from various groups, including industry representatives and civil society organizations.
The legislation would require large AI developers, defined as those with revenues exceeding $500 million, to disclose risks and safety reports, and to undergo audits by independent verification organizations. These provisions have raised concerns about potential risks to trade secrets and private records, according to industry representatives. In contrast, AI safety advocates argue that the measures are necessary to mitigate risks associated with AI technologies.
The bill also mandates the National Science Foundation to promote AI education and research, and it includes provisions for state attorneys general to pursue penalties against non-compliant AI companies. However, the federal government retains the authority to intervene in state-level lawsuits. Some lawmakers and advocacy groups have expressed concerns that the bill may undermine state-level protections and favor large tech companies.
The draft bill is still in discussion, with lawmakers seeking feedback from stakeholders before its formal introduction.