Federal Artificial Intelligence Risk Management Act of 2024

HR 6936, the Federal Artificial Intelligence Risk Management Act of 2024, requires U.S. federal agencies to adopt the National Institute of Standards and Technology's (NIST) AI Risk Management Framework (AI RMF) for all agency use and procurement of artificial intelligence systems. It mandates agencies to integrate the framework into AI development, procurement, and use within 180 days of Office of Management and Budget (OMB) guidance, including requiring AI vendors to attest to meeting specific risk standards before contracts are awarded. The bill also directs NIST to develop voluntary testing standards for AI systems, establishes a federal AI workforce initiative to support agencies, and requires annual reports to Congress on implementation progress. This applies exclusively to federal agencies - not private companies or the public - and focuses on managing AI risks to people and the environment through standardized practices.