On November 19, the Senate Commerce Committee’s Subcommittee on Consumer Protection, Product Safety, and Data Security convened a hearing on “Protecting Consumers from Artificial Intelligence Enabled Fraud and Scams.”
The...more
11/25/2024
/ Artificial Intelligence ,
Consumer Protection Laws ,
Data Security ,
Deep Fake ,
Enforcement ,
Expert Testimony ,
Federal Trade Commission (FTC) ,
Fraud ,
Individual Accountability ,
Privacy Laws ,
Proposed Legislation ,
Risk Management ,
Risk Mitigation ,
Scams
Donald Trump’s election to a second term as president means that Trump will help shape the future of AI at a pivotal moment when AI continues to advance rapidly and the next administration’s policies will affect the future...more
11/15/2024
/ Artificial Intelligence ,
China ,
Deregulation ,
Foreign Adversaries ,
Free Speech ,
Innovation ,
Machine Learning ,
National Security ,
Policies and Procedures ,
Research and Development ,
Risk Mitigation
Following a hotly contested election, Donald Trump is once again the president-elect and will return to the White House on January 20, 2025. He will do so with a dominant electoral college win, potentially a win of the...more
11/11/2024
/ Affordable Care Act ,
Artificial Intelligence ,
Blockchain ,
Canada ,
Chevron Deference ,
Consumer Product Safety Commission (CPSC) ,
Cryptocurrency ,
Department of Energy (DOE) ,
Department of Health and Human Services (HHS) ,
Digital Assets ,
Dodd-Frank ,
Energy Sector ,
Environmental Social & Governance (ESG) ,
Estate Tax ,
Financial Services Industry ,
Food and Drug Administration (FDA) ,
Healthcare ,
Imports ,
Inflation Reduction Act (IRA) ,
Infrastructure ,
International Trade ,
Liquid Natural Gas ,
Medicaid ,
Medicare ,
NAFTA ,
Paris Agreement ,
Pharmacy Benefit Manager (PBM) ,
Popular ,
Presidential Elections ,
SALT ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Social Security ,
Supply Chain ,
Sustainability ,
Tariffs ,
Tax Cuts and Jobs Act ,
United States-Mexico-Canada Agreement (USMCA)
President Biden’s Executive Order on AI (AI EO), issued on October 30, 2023, directed various agencies to take certain actions within one year of the AI EO’s issuance. On October 24, 2024, the White House announced that...more
11/8/2024
/ Algorithms ,
Artificial Intelligence ,
Copyright Office ,
Data Storage ,
Department of Education ,
Department of Health and Human Services (HHS) ,
Department of Labor (DOL) ,
Executive Orders ,
Government Agencies ,
Infrastructure ,
National Security ,
OMB ,
Research and Development
On October 24, the Biden administration issued the first-ever National Security Memorandum (NSM) on AI. Pursuant to the Biden administration’s Executive Order on AI, the NSM outlines concrete actions for federal agencies to...more
On September 24, the Office of Management and Budget (OMB) released a memorandum on Advancing the Responsible Acquisition of Artificial Intelligence in Government.
The new memorandum builds on OMB’s March 2024 memorandum...more
On October 9, the Department of Justice’s (DOJ) Civil Rights Division convened the heads of federal agency civil rights offices to discuss and promote coordination around preventing harms that may stem from AI, including...more
10/17/2024
/ Anti-Discrimination Policies ,
Artificial Intelligence ,
Audits ,
Automated Decision Systems (ADS) ,
Bias ,
Department of Education ,
Department of Justice (DOJ) ,
Department of Labor (DOL) ,
Enforcement ,
Equal Employment Opportunity Commission (EEOC) ,
Equity ,
Federal Trade Commission (FTC) ,
Hiring & Firing ,
Machine Learning ,
Social Media ,
Whistleblowers
On October 3 and 4, the competition authorities of the G7, including the US Federal Trade Commission (FTC) and Department of Justice’s (DOJ) Antitrust Division, participated in a summit on AI competition challenges.
The...more
10/14/2024
/ Antitrust Division ,
Artificial Intelligence ,
Competition ,
Copyright ,
Data Privacy ,
Data Protection ,
Department of Justice (DOJ) ,
Enforcement Actions ,
EU ,
Federal Trade Commission (FTC) ,
G7 ,
Innovation ,
Regulatory Agenda ,
Transparency ,
UK
On September 25, 2024, the Federal Trade Commission (FTC) announced five enforcement actions against companies that allegedly used AI to further deceptive or unfair conduct.
The actions are part of the FTC’s Operation AI...more
10/4/2024
/ Artificial Intelligence ,
Automation Systems ,
E-Commerce ,
Enforcement ,
Fake Reviews ,
Federal Trade Commission (FTC) ,
FTC Act ,
Machine Learning ,
Testimonial Statements ,
Training ,
Unfair or Deceptive Trade Practices
Financial services encompass a wide range of services offered by the nation’s financial institutions, including banking, mortgage, investment, and credit services. The next administration and Congress’s financial services...more
10/1/2024
/ Affordable Housing ,
Banking Sector ,
Banks ,
Climate Change ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Deregulation ,
Disclosure Requirements ,
Dodd-Frank ,
Economic Growth Regulatory Relief and Consumer Protection Act ,
Enforcement Actions ,
Environmental Social & Governance (ESG) ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
Financial Services Industry ,
General Elections ,
Mortgages ,
Regulatory Reform ,
SBA ,
Securities and Exchange Commission (SEC) ,
Small Business
On September 19, 2024, the FTC released a Staff Report on the data collection and data use practices of large social media and video streaming service (SMVSS) platforms.
The Report describes how these platforms engage in...more
9/27/2024
/ Algorithms ,
Artificial Intelligence ,
Data Brokers ,
Data Collection ,
Data Protection ,
Data Use Policies ,
Federal Trade Commission (FTC) ,
Internet Streaming ,
Online Safety for Children ,
Personal Information ,
Popular ,
Privacy Concerns ,
Social Media
On September 10, eight Democratic Senators urged the heads of the FTC and DOJ’s Antitrust Division to investigate certain generative AI features used by dominant online platforms that may violate competition laws....more
On August 21, the National Institute of Standards and Technology (NIST) released the second draft of its revised Digital Identity Guidance, which NIST first published in 2004 and last revised in 2017.
The draft guidance...more
On August 27, Senator Mike Rounds (R-SD) unveiled five AI bills for Congress to consider when its members return from the August recess on September 8.
Three are stand-alone bills that would promote the use of AI in the...more
In recent elections, health care has been one of the most hot-button issues with consequences for millions of Americans, and this election is no exception. The next administration and the 119th Congress have the potential to...more
8/27/2024
/ Abortion ,
Affordable Care Act ,
Drug Pricing ,
Health Insurance ,
Healthcare ,
Healthcare Reform ,
Inflation Reduction Act (IRA) ,
Medicaid ,
Medicare ,
Presidential Elections ,
Reproductive Healthcare Issues
On August 14, the FTC announced its much-anticipated final rule banning fake reviews and testimonials.
The final rule prohibits the purchase, sale, and dissemination of fake reviews, incentivized reviews, and certain...more
8/23/2024
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Artificial Intelligence ,
Celebrity Endorsements ,
Disclosure Requirements ,
Fake Reviews ,
Federal Trade Commission (FTC) ,
Final Rules ,
Popular ,
Social Media ,
Testimonial Statements ,
Unfair or Deceptive Trade Practices
As the 2024 general election draws near, one of the central issues capturing the attention of voters and lawmakers alike is the future of tax policy. With the two presidential candidates offering a range of proposals and...more
8/20/2024
/ Affordable Housing ,
Child Tax Credit ,
Earned Income Credit ,
Electric Vehicles ,
General Elections ,
Inflation Reduction Act (IRA) ,
Presidential Elections ,
Tax Code ,
Tax Cuts and Jobs Act ,
Tax Incentives ,
Tax Policy ,
Tax Rates
On July 31, 2024, the Senate Commerce Committee advanced 10 AI-related bills for consideration in the full Senate.
The bills touch on nearly every facet of the AI ecosystem, from AI standards and requirements to AI...more
On July 23, 2024, the leading competition enforcers in the US, EU, and UK released a Joint Statement on Competition in Generative AI Foundation Models and AI products.
The statement outlines risks to competition that are...more
8/5/2024
/ Artificial Intelligence ,
Competition ,
DOJ Strike Force ,
Enforcement ,
EU ,
European Commission ,
Fair Dealing Exception ,
Federal Trade Commission (FTC) ,
Machine Learning ,
UK ,
UK Competition and Markets Authority (CMA)
On July 11, 2024, Senators Maria Cantwell (D-WA), Marsha Blackburn (R-TN), and Martin Heinrich (D-NM) introduced the Content Origin Protection and Integrity from Edited and Deepfaked Media Act (COPIED Act)....more
President Biden’s October 2023 Executive Order on AI directed various agencies to take certain actions by June 26, 2024 — 240 days after the EO’s issuance.
The 240-day actions involved steps by agencies to strengthen data...more
On June 24, 2024, six federal agencies — the Department of the Treasury (Treasury), the Federal Reserve System (FRS), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the...more
7/9/2024
/ Artificial Intelligence ,
Automation Systems ,
Dodd-Frank ,
Machine Learning ,
New Rules ,
Popular ,
Property Valuation ,
Proposed Rules ,
Real Estate Market ,
Rulemaking Process ,
Safeguards Rule
Last week, the Secretary of the Treasury released a final proposed rule to implement the Biden administration’s August 2023 Executive Order on outbound investments.
The proposed rule seeks to “prevent countries of concern...more
7/1/2024
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Artificial Intelligence ,
CFIUS ,
China ,
Executive Orders ,
Foreign Investment ,
Hong Kong ,
Macau ,
National Security ,
Outbound Transactions ,
Prohibited Transactions ,
Proposed Rules ,
Semiconductors ,
Technology Sector ,
U.S. Treasury
Senators Gary Peters (D-MI) and Thom Tillis (R-NC) introduced the PREPARED for AI Act.
The bill aims to position federal agencies to safely and effectively adopt AI technologies by creating a comprehensive risk-mitigating...more
In early June, the Federal Trade Commission (FTC) and the Department of Justice (DOJ) reached an agreement dividing responsibility over AI oversight. The FTC will oversee competitive concerns relating to major software...more