It was an extremely busy week in tech policy in DC - especially related to artificial intelligence policy. President Biden signed an AI executive order with calls for new standards and greater transparency, including a directive to develop guidance on how to label or watermark AI-generated content. Furthermore, the White House followed up on this order with additional announcements at this week's first Global Summit on AI Safety. Notably, Vice President Harris announced during the summit that the Commerce Department is going to establish a new AI Safety Institute (AISI) within the National Institute for Standards & Technology.
Furthermore, the bipartisan Senate group convened two more of its AI Insights Forums, with this week's focused on the potential harms of AI to specific fields and the impact of AI on the labor market. There was a positive response from these two events, with leaders stating that they're continuing to work on assembling a bipartisan framework to regulate AI. Additionally, Senators Warner and Moran introduced legislation this week that would require all federal agencies to incorporate NIST’s AI Risk Management Framework into their standards surrounding artificial intelligence.
Beyond AI, there were also several notable updates related to cybersecurity. There was a strong focus with Harry Coker appearing before Senate HSGAC to consider his nomination to be the next White House National Cyber Director. Furthermore, the Biden administration convened the third meeting of its International Counter Ransomware Initiative to discuss continued opportunities for global collaboration on ransomware. Lastly, the FTC unanimously approved a final rule for implementing requirements for non-banking financial institutions to report any data security breaches impacting 500+ consumers within 30 days of discovering the breach.