Senate bill would establish an AI Safety Board within Commerce

Democrats Mark Warner, Brian Schatz and Andy Kim introduced the Artificial Intelligence Risk Management and Security Act of 2026. The bill would establish an AI Safety Board within the Department of Commerce. It would be charged with developing a process to perform technical evaluations of the capabilities of AI tools that constitute threats to U.S. national and economic security.
NoteFor bank risk teams, the bill is worth tracking, though PYMNTS says any AI safety bill is likely to face pushback from the White House.
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