Two U.S. senators have presented an updated version of proposed legislation, calling for the creation of a new federal agency to regulate AI and digital platforms.
The bill, re-introduced by Sens. Michael Bennet (D-Colo.) and Peter Welch (D-Vt.), seeks to regulate AI products and tackle concerns about a lack of oversight in the technology sector.
- The bill aims to create a Federal Digital Platform Commission to regulate companies using algorithmic processes for generating content.
- The five-member commission would have the authority to enforce rules and penalties and conduct investigations and hearings.
- Its goals are to make sure platforms' algorithms are fair, transparent, and safe, with broad oversight over social media and search engines.
- The bill also outlines requirements for algorithmic audits and public risk assessments for major platforms.
- It expands on the definition of algorithmic processes and grants the commission jurisdiction over the use of personal data, according to reports.