VET Artificial Intelligence Act

S 2615, the VET Artificial Intelligence Act, requires the National Institute of Standards and Technology (NIST) to develop voluntary technical guidelines for testing, validating, and verifying AI systems. These guidelines, updated every two years, will help developers and deployers assess AI safety, privacy, and transparency based on each system's risk level and intended use. The bill focuses on creating consensus-driven standards for both internal evaluations (conducted by the developer/deployer) and external evaluations (by independent third parties), without mandating specific tools or solutions. It also establishes an advisory committee to recommend qualifications for assurance providers and study the market for AI evaluation services. The guidelines aim to supplement existing NIST AI frameworks and support trust in AI systems through evidence-based practices.