BILL: Federal Artificial Intelligence Risk Management Act of 2023 (S.3205)

Tell your reps to support or oppose this bill

  • 3,613
    Surender
    last Saturday

    https://www.bbc.com/news/articles/cnd607ekl99o

    99% sheep 1% Oligarchs 

    a few greedy scumbags

    We have been heading in this direction for decades albeit in slow cycles but now with rapid transformation

    so why are we allowing it to happen

    how long are free handouts for the masses going to last? pretty soon there will be no consumers left - who will sell what to whom? back to the farmstead? Oops bill gates and his ilk bought up all the farmland? 

  • 26.2k
    Frank_001
    04/19/2024

    First major attempts to regulate AI face headwinds from all sides

    https://apnews.com/article/58eab95d279648e759f9099ca4249f00

    DENVER (APNews) — Artificial intelligence is helping decide which Americans get the job interview, the apartment, even medical care, but the first major proposals to reign in bias in AI decision making are facing headwinds from every direction.

    Lawmakers working on these bills, in states including Colorado, Connecticut and Texas, came together Thursday to argue the case for their proposals as civil rights-oriented groups and the industry play tug-of-war with core components of the legislation.

    “Every bill we run is going to end the world as we know it. That’s a common thread you hear when you run policies,” Colorado’s Democratic Senate Majority Leader Robert Rodriguez said Thursday. “We’re here with a policy that’s not been done anywhere to the extent that we’ve done it, and it’s a glass ceiling we’re breaking trying to do good policy.”

    Organizations including labor unions and consumer advocacy groups are pulling for more transparency from companies and greater legal recourse for citizens to sue over AI discrimination. The industry is offering tentative support but digging in its heels over those accountability measures.

    More: 

  • 26.2k
    Frank_001
    04/10/2024

    Essentially, given our political system’s numerous flaws, we should not be overly optimistic as to what S. 3205 can accomplish if it is passed and signed into law. 

    • The bill requires federal agencies to adopt the Artificial Intelligence Risk Management Framework (AI RMF) developed by the National Institute of Standards and Technology (NIST). The implementation could be challenging given the complexity of AI technologies and the varying capabilities of different agencies.

    • While the bill does emphasize cybersecurity in AI systems, ensuring the security of these systems could be a significant challenge given the evolving nature of cyber threats.

    • Critics have a legitimate argument in saying that the bill could lead to regulatory overreach, potentially stifling innovation in AI.

    • The effectiveness of the NIST guidelines in managing AI risks could be a concern. If the guidelines are not comprehensive or fail to keep up with the rapid advancements in AI, they might not fully address the risks.

    • The bill mandates regular reporting, studies, and the development of standards, which could be resource-intensive for agencies, thus subject to the whims of Congressional Funding. 

    For the full text of S. 3205, visit https://www.congress.gov/118/bills/s3205/BILLS-118s3205is.pdf

    To see the registered lobbyists see S.3205 Lobbyists • OpenSecrets

    https://www.opensecrets.org/federal-lobbying/bills/lobbyists?cycle=2023&id=s3205-118

    (What do they hope to gain?)

    The Key Provisions of S. 3205

    S. 3205, the Federal Artificial Intelligence Risk Management Act of 2023, has several key provisions:

    • Artificial Intelligence Risk Management Framework (AI RMF): The bill requires federal agencies to use the AI RMF developed by the National Institute of Standards and Technology (NIST).
    • NIST Guidelines: NIST is required to issue guidelines for agencies to incorporate the framework into their AI risk management efforts. These guidelines should provide standards, practices, and tools consistent with the framework and how they can leverage the framework to reduce risks to people and the planet for agency implementation in the development, procurement, and use of AI.
    • Cybersecurity Strategies: The guidelines should specify appropriate cybersecurity strategies and the installation of effective cybersecurity tools to improve the security of AI systems.
    • Office of Management and Budget (OMB) Guidance: The OMB must issue guidance requiring federal agencies to incorporate the framework and the guidelines into their AI risk management efforts.
    • Government Accountability Office (GAO) Study: The GAO shall study the impact of the application of the framework on agency use of AI.
    • Agency Reporting: The OMB must periodically report to Congress on agency implementation and conformity to the framework.
    • AI Expertise Initiative: The OMB must establish an initiative to provide expertise on AI pursuant to requests by agencies.
    NIST Studies and Standards Development: NIST shall complete a study to review the existing and forthcoming voluntary consensus standards for the testing, evaluation, verification, and validation of AI acquisitions.

  • 26.2k
    Frank_001
    04/10/2024

    NYTimes: The Worst Part of a Wall Street Career May Be Coming to an End

    April 10, 2024Updated 11:52 a.m. ET

    https://www.nytimes.com/2024/04/10/business/investment-banking-jobs-artificial-intelligence.html?

    <Quote> 

    Artificial intelligence tools can replace much of Wall Street’s entry-level white-collar work, raising tough questions about the future of finance.

    Pulling all-nighters to assemble PowerPoint presentations. Punching numbers into Excel spreadsheets. Finessing the language on esoteric financial documents that may never be read by another soul.

    Such grunt work has long been a rite of passage in investment banking, an industry at the top of the corporate pyramid that lures thousands of young people every year with the promise of prestige and pay.

    Until now. Generative artificial intelligence — the technology upending many industries with its ability to produce and crunch new data — has landed on Wall Street. And investment banks, long inured to cultural change, are rapidly turning into Exhibit A on how the new technology could not only supplement but supplant entire ranks of workers.

    The jobs most immediately at risk are those performed by analysts at the bottom rung of the investment banking business, who put in endless hours to learn the building blocks of corporate finance, including the intricacies of mergers, public offerings and bond deals. Now, A.I. can do much of that work speedily and with considerably less whining.

    <End Quote>

    More: 

  • 94.9k
    LeslieG
    04/10/2024

    A good 1st step though it doesn't go as far as the EU legislation it does implement current industry standards used in U.S. and international companies, U.S. federal  and foreign governments and several U.S. states.

    Bipartisan Legislation which has a better chance than average of making it out of committee and being enacted which implements The National Institute of Standards & Technology (NIST) Artificial Intelligence Risk Management Framework (AI RMF, 2023) which is a cybersecurity framework already used by most large U.S. companies as well as many large foreign companies, the federal government,  20 U.S. states, several foreign governments (Canada, Italy, Switzerland, UK) and international organizations (OAS).

    While being an industry standard due to its flexibility it doesn’t go as far as the EU legislation which focuses on regulating the 5%-15% of AI systems deemed to be high risk due to impact on human rights or safety.

    The EU framework contained in The Artificial Intelligence Act (2021), which was approved (2022) in order to develop AI products that can be trusted by classifying AI systems by risk (high risk product covered by safety legislation, high risk human service, interacts with humans) and mandate various development and use requirements in order to put in place appropriate safeguards, monitoring, and oversight. 

    “The cybersecurity framework has been applied by a large majority of U.S. companies and seen notable adoption outside the U.S., including by the Bank of England, Nippon Telephone & Telegraph, Siemens, Saudi Aramco, and Ernst & Young. The federal government mandates its use by federal agencies, and 20 states have done likewise. Various federal agencies (most notably the Securities and Exchange Commission) use the cybersecurity framework as a benchmark for sound cybersecurity practices in regulated industries.”

    “While the flexible approach does not ensure adoption, it avoids some of the challenges the much more ambitious EU AI Act faces in the EU’s legislative process”

    “As the Commission set out to frame legislation and gathered input, its focus narrowed toward specific use cases, leading to its “risk-based” proposal to regulate AI systems deemed “high-risk” because of their impact on rights of individuals or on safety. While this is sometimes described as “horizontal,” it is less so than NIST’s AI RMF or the AIBOR. Indeed, the Commission estimated in its proposal that only 5-15 percent of AI systems would be subject to the regulation.”

    https://www.causes.com/comments/95791

    https://www.brookings.edu/research/the-eu-ai-act-will-have-global-impact-but-a-limited-brussels-effect/

    https://www.politico.eu/article/eu-plan-regulate-chatgpt-openai-artificial-intelligence-act/

    https://digital-strategy.ec.europa.eu/en/policies/european-approach-artificial-intelligence

    https://www.weforum.org/agenda/2023/03/the-european-union-s-ai-act-explained/

    https://hbr.org/2021/09/ai-regulation-is-coming

    https://www.brookings.edu/articles/nists-ai-risk-management-framework-plants-a-flag-in-the-ai-debate/

    https://www.govtrack.us/congress/bills/118/s3205

  • 2,418
    Martha
    04/09/2024

    It sounds like a good idea, however I'd want to see the fine print to make a final determination.

  • 8,015
    DaveS
    04/09/2024

    Trump proves that artificial intelligence doesn't work!

  • 48.8k
    Brian
    04/09/2024

    We need regulation and oversigh of AI now, before it gets too far ahead of regulators like social media has done.

    I'm sure this bill isn't perfect, and I'm sure we can do more, but Congress is failing us all currently by doing nothing.

    Please support this bill and see that it's passed while you continue finding other ways to protect American workers, thinkers, and artists from AI.

  • 2,433
    michele
    04/09/2024

    The absolute WORST one to be allowed control of AI is government especially when they are in bed with the mega corporations where the same people are running both and are in the business of war, as ours is? Can you name any time where government involvement made any thing better? Over and over they lie to us again and again and again. How stupid can we be to entrust them with our best interest?? AI should be made open source where no one owns it or can hide what they do with it because it can be seen by ALL, all the time. Give it to government and it'll be made a weapon. Bet on it!