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Proposed Legislation Aims to Mandate Implementation of AI Risk Management Framework by Federal Agencies

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Proposed Legislation Aims to Mandate Implementation of AI Risk Management Framework by Federal Agencies

Sens. Jerry Moran, R-Kan., and Mark Warner, D-Va., on Nov. 2 introduced the Federal Artificial Intelligence Risk Management Act with the aim of enabling the U.S. government to take advantage of the benefits of AI while mitigating risks.

The office of Sen. Moran said Thursday the proposed legislation will require federal agencies to incorporate into their AI management policies the AI Risk Management Framework, which was released by the National Institute of Standards and Technology earlier this year.

Sen. Warner said AI can facilitate innovation in industry but requires strong governance, adding: “It’s crucial that the federal government follow the reasonable guidelines already outlined by NIST when dealing with AI in order capitalize on the benefits while mitigating risks.”

Meanwhile, Sen. Moran issued that AI could positively impact government and private industry but noted that “it would be naive to ignore the risks” that come with the new technology.

“The sensible guidelines established by NIST are already being utilized in the private sector and should be applied to federal agencies to make certain we are protecting the American people as we apply this technology to government functions,” Warner said.

Companion legislation will be introduced in the House of Representatives by Rep. Ted Lieu.