Artificial Intelligence Advancement Act of 2023
The Artificial Intelligence Advancement Act of 2023 requires financial regulatory agencies (like the Federal Reserve and FDIC) to report on their use of AI in regulated institutions, including gaps in oversight and needed resources. It directs the Department of Defense to develop bug bounty programs for foundational AI models in military systems and conduct a study on vulnerabilities in AI-enabled military applications, covering privacy, security, and testing needs. The bill also mandates a DoD report on improving data sharing and interoperability across its agencies to support AI development. These provisions primarily affect federal agencies and the financial sector they regulate, focusing on internal oversight and risk assessment without imposing new direct regulations on businesses.
Bill status
in committee
1 of 4 stages cleared
Introduction
Oct 2023
Committee Review
Floor Vote
President
Introduced Oct 17, 2023
Last action Oct 17, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Oct 17, 2023
Committee
Read twice and referred to the Committee on Armed Services.
upper
Oct 17, 2023
Introduced
Introduced in Senate
upper
1 primary · 4 co-sponsors
Sponsors
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