Artificial Intelligence Advancement Act of 2023
The source supplies the latest action, but no lifecycle stage.
Latest action (17 Oct 2023): Read twice and referred to the Committee on Armed Services.
What this bill does
The Artificial Intelligence Advancement Act of 2023, introduced in the Senate, aims to address various aspects of artificial intelligence (AI) within government and the financial sector. It proposes requiring federal financial regulators to report on their understanding of AI's use and regulation in their industry, including identifying knowledge gaps and potential regulatory overlaps. The bill also seeks to establish bug bounty programs within the Department of Defense for foundational AI models and mandates a study on the vulnerabilities of AI-enabled military applications.
The bill would affect financial regulatory agencies such as the Federal Reserve and the Bureau of Consumer Financial Protection, requiring them to submit detailed reports. It would also impact the Department of Defense by initiating the development of bug bounty programs and a comprehensive study on the security and effectiveness of its AI-enabled military systems. The proposed legislation aims to improve data sharing and coordination within the Department of Defense to support AI development and use.
This bill was introduced in the Senate on October 17, 2023, and referred to the Committee on Armed Services. It has not yet received a vote and is in the early stages of the legislative process. If it moves forward, it would likely be considered by the relevant committees before potentially being brought to the Senate floor for a vote.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Artificial Intelligence Advancement Act of 2023
This bill requires the development of a bug bounty program within the Department of Defense (DOD) and requires various studies and reports related to artificial intelligence.
The bill requires certain financial entities (e.g., the Federal Reserve System) to report on the knowledge gap on artificial intelligence.
The bill also requires the Chief Digital and Artificial Intelligence Office (CDAO) within DOD to develop a bug bounty program for foundational artificial intelligence models being integrated into DOD missions and operations. Generally, a bug bounty program provides incentives to individuals to discover and report on vulnerabilities in an organization's software or systems.
Not later than one year after the enactment of this bill, CDAO must brief Congress on the development of bug bounty programs and long-term plans with respect to such programs.
The bill also requires CDAO to study the vulnerabilities to the privacy, security, accuracy of, and capacity to assess, artificial intelligence-enabled military applications.
Finally, DOD must report on ways to improve data sharing, interoperability, and quality across DOD.
Timeline
17 Oct 2023
Read twice and referred to the Committee on Armed Services.
Common questions
- What does S. 3050 do?
- The Artificial Intelligence Advancement Act of 2023, introduced in the Senate, aims to address various aspects of artificial intelligence (AI) within government and the financial sector. It proposes requiring federal financial regulators to report on their understanding of AI's use and regulation in their industry, including identifying knowledge gaps and potential regulatory overlaps. The bill also seeks to establish bug bounty programs within the Department of Defense for foundational AI models and mandates a study on the vulnerabilities of AI-enabled military applications. The bill would affect financial regulatory agencies such as the Federal Reserve and the Bureau of Consumer Financial Protection, requiring them to submit detailed reports. It would also impact the Department of Defense by initiating the development of bug bounty programs and a comprehensive study on the security and effectiveness of its AI-enabled military systems. The proposed legislation aims to improve data sharing and coordination within the Department of Defense to support AI development and use. This bill was introduced in the Senate on October 17, 2023, and referred to the Committee on Armed Services. It has not yet received a vote and is in the early stages of the legislative process. If it moves forward, it would likely be considered by the relevant committees before potentially being brought to the Senate floor for a vote.
- Has S. 3050 become law?
- The source does not supply a confirmed lifecycle stage for S. 3050. Check the latest action and official source below.
- Who sponsored S. 3050?
- S. 3050 was sponsored by Sen. Rounds, Mike [R-SD] (R-SD), with 4 cosponsors.
- What's the latest action on S. 3050?
- Read twice and referred to the Committee on Armed Services. (17 Oct 2023).
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