To require a report on artificial intelligence regulation in the financial services industry, to establish artificial intelligence bug bounty programs, to require a vulnerability analysis study for artificial intelligence-enabled military applications, and to require a report on data sharing and coordination, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To require a report on artificial intelligence regulation in the financial services industry, to establish artificial intelligence bug bounty programs, to require a vulnerability analysis study for artificial intelligence-enabled military applications, and to require a report on data sharing and coordination, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators. The main policy domain is Government Operations, Finance, Technology.
Who Benefits and How
federal agencies and legislative administrators may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section S1: 1. Short title This Act may be cited as the Artificial Intelligence Advancement Act of 2023.
- Section id89c48482201b49d0bb974237f8e007a5: 2. Definitions In this Act: The term congressional defense committees has the meaning given such term in section 101 of title 10, United States Code. The term...
- Section id8608c00c65e54b7db0985779ad378f49: 3. Report on artificial intelligence regulation in financial services industry Not later than 90 days after the date of enactment of this Act, each of the...
- Section ide873726eb0e545af8ccb4b04c8ea9e4b: 4. Artificial intelligence bug bounty programs Not later than 180 days after the date of the enactment of this Act and subject to the availability of...
- Section id4ee57ec892804041a9547b7747cb78e4: 5. Vulnerability analysis study for artificial intelligence-enabled military applications Not later than one year after the date of the enactment of this Act,...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To require a report on artificial intelligence regulation in the financial services industry, to establish artificial intelligence bug bounty programs, to require a vulnerability analysis study for artificial intelligence-enabled military applications, and to require a report on data sharing and coordination, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators.
Key Policy Areas
Government Operations, Finance, Technology
Primary Purpose
This bill, To require a report on artificial intelligence regulation in the financial services industry, to establish artificial intelligence bug bounty programs, to require a vulnerability analysis study for artificial intelligence-enabled military applications, and to require a report on data sharing and coordination, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators.
Policy Domains
Whole bill
Identified Gains
- federal agencies and legislative administrators
Identified Costs
- federal implementing agencies
Sponsors
Legislative Progress
IntroducedMr. Rounds (for himself, Mr. Schumer, Mr. Young, and Mr. …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_energy"
- → Secretary of Energy
- "secretary_of_defense"
- → Secretary of Defense
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology