The PREPARED for AI Act, introduced by Senators Gary Peters and Thom Tillis, aims to establish a comprehensive risk-mitigating framework for AI procurement and use by federal agencies. The bipartisan bill, which has garnered support from various stakeholders, seeks to position federal agencies to safely and effectively adopt AI technologies. The legislation builds on existing developments in federal AI policies, including the Advancing America AI Act of 2022 and the Office of Management and Budget’s guidance on AI procurement and use. The bill’s provisions focus on strengthening AI governance, mitigating risks from AI use, mitigating risks in federal procurement of AI, and reaping benefits from AI advancements. While the bill’s passage is uncertain, its introduction marks a significant step towards regulating AI in the federal sector.
AI Regulation Takes Center Stage
The PREPARED for AI Act aims to establish as law a risk-mitigating framework for the safe and effective procurement and use of AI by federal agencies.
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