"US Senate Takes Action to Regulate and Train AI Technology"

US Senator Michael Bennet has introduced an updated version of legislation that would establish a Federal Digital Platform Commission to regulate AI products. The revised bill expands on the definition of an algorithmic process and would create requirements for algorithmic audits and public risk assessments of the harms their tools could cause. The bill retains existing language mandating that the commission ensure platform algorithms are “fair, transparent, and safe.” The added emphasis on AI highlights how Congress is rapidly gearing up for policymaking on a cutting-edge technology it is scrambling to understand.