• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Schumer’s AI regulatory effort slows as ‘weeks’ turn into months
Economy

Schumer’s AI regulatory effort slows as ‘weeks’ turn into months

by June 24, 2023
by June 24, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

When Senate Majority Leader Chuck Schumer, D-N.Y., announced a ‘major effort’ in April to put the Senate’s imprint on artificial intelligence policy, he talked about having an ‘urgency to act’ and said a legislative plan would start taking shape in a matter of weeks.

‘In the coming weeks, Leader Schumer plans to refine the proposal in conjunction with stakeholders from academia, advocacy organizations, industry, and the government,’ he said in an April 13 statement.

But on Thursday, more than two months later, Schumer indicated that legislation may not be ready until 2024. In Wednesday remarks to the Center for Strategic and International Studies, Schumer said the process of getting input for the plan is still months away.

‘Later this fall, I will convene the top minds in artificial intelligence here in Congress for a series of AI Insight Forums to lay down a new foundation for AI policy,’ he said. Schumer said developers, scientists, CEOs, national security experts and others must do ‘years of work in a matter of months,’ a sign the effort could go well into next year.

He said once this input is collected, it will be up to legislators to listen and translate their ideas into legislation. He outlined a broad range of issues to cover, including how to protect innovation, intellectual property rights, risk management, national security, guarding against ‘doomsday scenarios,’ transparency, ‘explainability’ and privacy.

Making the job even more difficult, Schumer said bipartisan support is critical to the effort and said several committees will be expected to chip in.

Schumer this week announced what he called the SAFE Innovation Framework for AI, which is aimed at protecting U.S. innovation in this emerging field but ensuring there are guardrails to ensure security, promote accountability, support human liberty, civil rights and justice, and guarantee that AI outputs can be explained to users.

But Schumer laid out similar goals in April when he talked about the need to inform users, reduce the potential harm caused by AI outputs and make sure AI systems line up with ‘American values.’

Jake Denton, a technology policy research associate at the Heritage Foundation, said he sees Schumer’s recent announcement mostly as a sign that the process hasn’t gotten very far yet.

‘The goalpost seems to keep moving,’ Denton told Fox News Digital. ‘We never really get the bill text. We never get the details.’

Schumer’s office declined to comment for this story.

Denton said the basic principles that Schumer has outlined twice now are broadly accepted ideas, but he said the trick will be turning them into legislation. Several ideas have bounced around Capitol Hill – including a commission to guide AI policy or even a new agency that could license AI technology and ensure it produces outputs that are free of bias or discrimination.

Denton said it’s possible that Congress is still months or even years away from passing significant legislation to regulate AI based on its current pace. He said the precedent is there, as Congress has allowed other technology to flourish before stepping in.

‘Our lawmakers are still in the process of trying to figure out how to handle social media,’ he noted.

While the effort could easily drift into next year, Schumer said this proposal is the most efficient path forward to get a congressional regulatory plan in place.

‘If we take the typical path – holding congressional hearings with opening statements and each member asking questions five minutes at a time on different issues – we simply won’t be able to come up with the right policies,’ he said.

‘By the time we act, AI will have evolved into something new,’ he added. ‘This will not do. A new approach is required.’

Pete Kasperowicz is a politics editor at Fox News Digital.

This post appeared first on FOX NEWS
You Might Also Like
  • Locking it up: Trump, Biden, expected to clinch GOP, Democrat presidential nominations in Tuesday’s primaries
  • PNC Bank ends business relationship with Donald Trump Jr’s MxM News app company ‘without cause’
  • Trump starts 2024 in ‘strongest possible position’ in Republican presidential primary race
  • Critics slam latest ProPublica ‘hit piece’ on Justice Clarence Thomas
Share
0
FacebookTwitterPinterestWhatsapp

previous post
DOJ told IRS not to interview Joe Biden’s grandchildren in Hunter probe to avoid ‘hot water’: whistleblower
next post
‘Experts’ bashing conservative SCOTUS justices have undisclosed ties to Democrats

You may also like

Biden tells Congress he’ll end COVID-19 emergencies on May 11

January 31, 2023

Defiant Hunter Biden says Republican ‘motherf—ers’ are ‘trying to kill...

December 9, 2023

Dems save Johnson’s $95B foreign aid plan from GOP rebel...

April 20, 2024

Chris Christie charges Tim Scott ‘afraid to tell the truth...

July 25, 2023

Fox News Voter Analysis: Trump Bests Haley in Her Home...

February 25, 2024

GOP senator challenges Biden to clarify Hamas position after State...

March 11, 2024

Dem rep is ‘anything but a clear yes’ on debt...

May 29, 2023

Paul Ryan says he will skip RNC if Trump wins...

February 27, 2023

United Nations allowing Hamas to ‘literally get away with murder,’...

November 3, 2023

Jordan’s King Abdullah meeting with Biden highlights US ally’s dilemma...

February 13, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,766 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,433 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,309 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past...

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Morning Glory: No Border Wall, no...

    January 18, 2024

    Senate advances $95B Ukraine and Israel...

    April 24, 2024

    Former NYC buildings official to turn...

    September 13, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here