AI-Related Job Impacts Clarity Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The AI-Related Job Impacts Clarity Act requires companies to report data on how artificial intelligence is affecting their workforce. Specifically, covered entities, including publicly-traded companies and those designated by the Secretary, must disclose information about layoffs, hires, unfilled positions, retraining programs, and other AI-related job impacts. The Department of Labor will then analyze this data and publish reports to Congress, aiming to provide clarity on the broader economic effects of AI.
Key provisions
- Companies must report on layoffs, hires, and unfilled positions due to AI.
- Companies must report on retraining and assistance programs related to AI.
- The Department of Labor will analyze the reported data and publish quarterly reports.
- The Secretary will determine which non-publicly traded companies must also report.
- Regulations will be issued to define the scope of reporting for non-publicly traded companies, considering factors like size and impact.
- Data will be shared with the Bureau of the Census for survey analysis.
- The Act defines key terms such as ‘artificial intelligence’ and ‘covered entity’.
- Reports will be published on the Bureau of Labor Statistics website.
Who is affected
- Publicly-traded companies
- Non-publicly-traded companies (potentially)
- Employers
- Government agencies
- The workforce
Bill text
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