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US Senate Commerce Committee Passes the Future of AI Innovation Act

On 31 July 2024, the US Senate Commerce, Science and Transportation Committee passed the Future of AI Innovation Act.

Senator Cantwell stated that the bill:

“Codifies the AI Safety Institute at NIST that is already developing voluntary guidelines and tests for advanced AI models and systems, and will gather leading private sector and government experts to promote voluntary standards. Our bill will also create joint testbeds with our national laboratories to assess the most complex AI models, create new materials for advanced manufacturing and make new scientific discoveries for the benefit of the U.S. economy.”

The Senate press release can be found here.

We understand the bill will now make its way through Congress.

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